United Spirits Limited (UNITDSPR) Stock - Complete Technical Analysis - Dec 13, 2024

United Spirits Stock Technical Analysis - Key Levels, Momentum & Trade Setup UNITDSPR Insights

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

United Spirits Limited (UNITDSPR) stock is trading at 1,512.05, positioning it 8.22% below its 52-week high. Despite this, the stock shows promising long-term growth potential. With the stock P/E at 78.8, it indicates that the stock is trading at a premium, potentially reflecting investor confidence in its future performance.

Over the last few days, the stock has exhibited moderate volatility, bouncing between the 1,5001,532 range. This creates a well-defined trading channel, where support is located around 1,500, and resistance lies near 1,532. The stock has a weak trend according to the ADX, but it is supported by the overall bullish outlook from the MACD, CCI, and Awesome Oscillator. The RSI, at 52.32, confirms that the stock is in neutral territory, neither overbought nor oversold.

Looking at moving averages, the stock has support near the 1,4951,505 zone. The 10-day EMA at 1,516.02 and 50-day EMA at 1,495.81 provide an additional cushion for potential price pullbacks. If the price breaks above 1,532, the stock could target the next resistance level near 1,575. On the other hand, a breakdown below 1,500 could trigger a fall to 1,450, a key support level.

From a technical standpoint, the stock is in a phase of consolidation. Short-term traders can look for a breakout above 1,532 or a breakdown below 1,500 as signals for potential price moves. Be cautious of the volatility, with the ATR suggesting sharp price fluctuations. Investors should monitor the RSI and MACD for potential shifts in momentum to guide their trades.