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Published on 13/08/2020 12:30:21 PM | Source: HDFC Securities Ltd

Momentum Pick - Buy United Breweries Ltd For Target Rs. 1045 - HDFC Securities

Posted in Broking Firm Views - Short Term Report| #United Breweries Ltd #HDFC Securities #Beverages and Distilleries #Trading Report

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Momentum Pick - Buy United Breweries Ltd For Target Rs. 1045 - HDFC Securities

Observation:

After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

The short term trend has turned positive. We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.

Volume has started to rise along with the upmove in the stock price.

The daily/intraday RSI is showing positive indication.

 

Buy United Breweries Ltd Up to 10 days CMP 988.30  TGT 1045 SL 944

 

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