Description:
United Spirits has completed a deep correction into the weekly controlling demand zone and is now building a rounding‑bottom structure with clear “curve support” on the daily chart. Price has reclaimed the swing‑entry area and is consolidating in a bullish channel above layered supports, setting up a continuation long toward the Target 1 zone near 1,565 and the higher Target 2 / trail‑target region around 1,625–1,700.
The grey projection box highlights the upside potential if the stock continues to respect the curve support and rising moving averages. As long as price stays above the recent higher‑low and channel support, the bullish view remains valid; a decisive close back inside the demand zone and below curve support would invalidate this long idea and warrant re‑assessment.
#UnitedSpirits #MCDOWELL_N #NSEStocks #IndianStockMarket #CurveSupport #RoundingBottom #WeeklyDemandZone #SwingTrading #PositionalTrade #TrendReversal #TechnicalAnalysis #PriceAction #StockMarketIndia
United Spirits has completed a deep correction into the weekly controlling demand zone and is now building a rounding‑bottom structure with clear “curve support” on the daily chart. Price has reclaimed the swing‑entry area and is consolidating in a bullish channel above layered supports, setting up a continuation long toward the Target 1 zone near 1,565 and the higher Target 2 / trail‑target region around 1,625–1,700.
The grey projection box highlights the upside potential if the stock continues to respect the curve support and rising moving averages. As long as price stays above the recent higher‑low and channel support, the bullish view remains valid; a decisive close back inside the demand zone and below curve support would invalidate this long idea and warrant re‑assessment.
#UnitedSpirits #MCDOWELL_N #NSEStocks #IndianStockMarket #CurveSupport #RoundingBottom #WeeklyDemandZone #SwingTrading #PositionalTrade #TrendReversal #TechnicalAnalysis #PriceAction #StockMarketIndia
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.