United Spirits Analysis

United Spirits Analysis. As on 11 May 2020. CMP 501 With price not able to summon up the strength to make a 5 wave impulse on the daily chart, our stop loss got triggered at 506, and we got out of the trade at break – even.  Price then declined to 480.  From previous post […]

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United Spirits Analysis

United Spirits Elliott Wave Analysis. As on 20 April 2020. CMP 533 For those in the trade since our buy entry at 504, protective stop loss should be kept at break – even of 505-506.   This trade is now risk-free. Price is likely in a small wave 4 correction that should not violate the wave […]

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Current Opportunity !!

United Spirits as on 7 April 2020. CMP 504 The triangle wave E low appears to be in place at 443, which was the low of March 25. Since then price appears to have built a base, consolidating for a thrust up. From post of 25 March when fear in the market was high “…if […]

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United Spirits Analysis

United Spirits Elliott Wave Analysis. As on 25 March 2020. CMP 470 The bullish triangle structure has played out perfectly, and yet we are hesitant given the larger market. In previous post, we called for a decline in wave E, which has happened perfectly, and price has stayed above the wave C low, which is […]

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United Spirits Analysis

United Spirits Analysis. As on 27 Feb 2020. CMP 680 Price rallied without us to the 742 level.  We expected price to decline a little further and a little longer, but it spiked up to probably complete wave D at 742. Now a period of a few months should lie ahead of sideways to lower […]

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United Spirits Analysis

United Spirits Elliott Wave Analysis. As on 3 Feb 2020. CMP 616 Upcoming opportunity !!  Price is following path quite perfectly so far. Price rallied strongly last week to complete wave d of the smaller bullish triangle at 663.  (In fact in our previous post of 16 Jan we said “Wave (d) of the smaller […]

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United Spirits Analysis

United Spirits Elliott Wave Analysis. As on 16 Jan 2020. CMP 584 Bottom line : Price is bullish.  Price appears to be in a smaller bullish triangle within a larger bullish triangle. Wave (c) of the smaller bullish triangle is likely complete at 560. Wave (d) of the smaller triangle should take price to roughly […]

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United Spirits Analysis

United Spirits Elliott Wave Analysis. As on 27 Dec 2019. CMP 589 Bottom line : Price is bullish.  Price appears to be in a smaller bullish within a larger bullish triangle. Wave D of the larger triangle should take price to the 700 – 800 level, while wave (d) of the smaller triangle should take […]

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United Spirits Analysis

United Spirits Elliott Wave Analysis. As on 9 Dec 2019. CMP 594 Bottom line : Price is bullish, but appears to be in a minor correction at this time.  Price appears to be in a smaller bullish within a larger bullish triangle. Under this count, price should decline in choppy manner to the 560 – […]

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United Spirits Analysis

United Spirits Elliott Wave Analysis. As on 16 Nov 2019. CMP 624 Bottom line : Price is bullish, but appears to be in a minor correction at this time.  Price appears to be in a smaller bullish within a larger bullish triangle. Under this count, price should decline in choppy manner to the 540 – […]

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