Monday, September 27, 2010

United Spirit - Formation of cup


The stock has formed a Cup and Handle formation and after copletion of this formation at level of 1500,stock is holding very well above this level,So one should buy this stock at every dip with stop loss of 1325 which is 50DMA for a target of 2300 with time frame of around 3-4 months.This trade looks attractive from risk reward ratio also.

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