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United Spirits – Breaks out- Target hit!!

Posted on: June 4th, 2009 at 1:39 am

United Spirits also known as McDowell and Company limited has resistance at 1000. It has made a double top between 1000-1015.. It is likely to face selling pressure at 1000 levels.  Once it manages to cross 1015 it can head upto 1120.

mcdowell

mcdowell

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  1. Rajesh Says:
    June 4th, 2009
    Posted at: 9:34 am

    Hi CB,

    Every time you are giving triple toped ones in the Technical calls..But this time only Double topped...Any specific reason


  2. CB Says:
    June 4th, 2009
    Posted at: 9:37 am

    Hi Rajesh, it did try to touch 1000 yesterday. :) it saw a crash from 1000 levels.. so will see selling pressure as many are stuck at these levels.. once it crosses 1015 it will see buying interest come back

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