LKP Spade, Weekly Pick - Buy United Breweries Ltd For Target Rs.1620 - LKP Securities
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United Breweries Limited
* The Stock on the daily chart has formed a reversal morning start pattern indicating bullishness in the near term.
* The RSI has also shown a positive crossover confirming the internal strength of the stock and has entered the buy zone.
* The stock is likely to test its 200DMA which is placed at 1,550 level and a sustain move above that will open further legs on the upside.
United Breweries Ltd Buy @ Rs.1480 Stop Loss Below Rs.1410 CB Target Rs. 1550/1620 Duration 1 Week
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