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.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.