Buy United Spirit Ltd For Target Rs. 980 - Religare Broking
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* Mcdowell-N has had a prolonged consolidation phase that lasted nearly 6 years (2015-2021) and it finally witnessed a breakout from the same in September 2021.
* It made a new record high at 1019.95 levels in November 2021 post that consolidation breakout however profit taking in the following months again retraced the stock to the neckline (breakout) area of the pattern.
* It has been gradually inching higher for the last 4 months and looks set to regain momentum now. We thus recommend accumulating in the given range.
Buy United Spirit Ltd Target : 980 Stop Loss : 798 CMP : 857 Range : 857-859
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