LKP Spade : A Weekly Pick - Buy United Breweries Ltd For Target Rs.1880 By LKP Securities
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The stock has given a breakout from a sideways consolidation phase with rising volumes
The momentum oscillator RSI has also given a positive crossover on the daily chart confirming the strength in the stock.
The MACD indicator has turned from the zero line, confirming the buy signal.
The fno data also suggest a fresh long built up positions with rise in open interest and price.
Buy United Breweries Ltd @ Rs.1625 CB Target Rs. 1795/1880 Duration 1 Week
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