2 Mar 2021 ● 06:49 AM
United spirits has been through 1 long boring phase, because it has been forming what may be a triangle pattern since March 2020. This 12 and triangle if proven true should result in the start of the new move on the upside. The daily momentum indicator crossed over to the buy side as the 1st sign of the possibility. Prices touched the lower end of the triangle near 532 and the immediate resistances the 20 DMA at 562 followed by the upper band at 591. The top end of the triangle is at 666 above which are longer-term breakout can occur. The size of the triangle if measured above the breakout point it would go to 900.