United Spirits is currently forming an interesting gap fill opportunity setup on the daily timeframe. After a prolonged downtrend from its previous highs, the stock has started to base out and show signs of accumulation near the ₹1,300 zone.
A clear falling trendline resistance has been drawn from the previous swing highs, and price is now inching closer to a potential breakout zone. The chart highlights a gap zone between ₹1,520 and ₹1,560, which remains unfilled since the previous decline — acting as a key magnet for price action in the short-to-medium term.
Recent candles show bullish momentum, supported by a short-term EMA crossover (20 EMA crossing above 50 EMA) and improving volumes. The structure indicates buyers are gradually regaining control after a lengthy consolidation phase.
🎯 Key Levels:
CMP: ₹1,387.40 (+2.63%)
Resistance / Gap Zone: ₹1,520 – ₹1,560
Trendline Resistance: ~₹1,500 zone
Support Zone: ₹1,290 – ₹1,310
Target Zone: ₹1,540 – ₹1,560 (Gap Fill)
Stop-Loss (Swing Basis): Below ₹1,285
📈 Technical View:
Price has broken above short-term moving averages with improving relative strength.
The downtrend line is the next resistance — a breakout above it could accelerate a gap fill rally.
Volume build-up and bullish candles indicate accumulation in progress.
🧠 View:
A move and close above ₹1,400 could confirm trend continuation towards the ₹1,520–₹1,560 gap zone. Traders can watch for breakout confirmation with volume for a potential short-term swing opportunity.
A clear falling trendline resistance has been drawn from the previous swing highs, and price is now inching closer to a potential breakout zone. The chart highlights a gap zone between ₹1,520 and ₹1,560, which remains unfilled since the previous decline — acting as a key magnet for price action in the short-to-medium term.
Recent candles show bullish momentum, supported by a short-term EMA crossover (20 EMA crossing above 50 EMA) and improving volumes. The structure indicates buyers are gradually regaining control after a lengthy consolidation phase.
🎯 Key Levels:
CMP: ₹1,387.40 (+2.63%)
Resistance / Gap Zone: ₹1,520 – ₹1,560
Trendline Resistance: ~₹1,500 zone
Support Zone: ₹1,290 – ₹1,310
Target Zone: ₹1,540 – ₹1,560 (Gap Fill)
Stop-Loss (Swing Basis): Below ₹1,285
📈 Technical View:
Price has broken above short-term moving averages with improving relative strength.
The downtrend line is the next resistance — a breakout above it could accelerate a gap fill rally.
Volume build-up and bullish candles indicate accumulation in progress.
🧠 View:
A move and close above ₹1,400 could confirm trend continuation towards the ₹1,520–₹1,560 gap zone. Traders can watch for breakout confirmation with volume for a potential short-term swing opportunity.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.