A Rally to book some profits

146
United Spirits CMP 1329

Fib - the stock is likely to rally to 1450/1460. This is a good 10% from here. The stop has to be below the lower confluence at 1200. Hence the risk reward is not in favour to trade this counter.

MA - the longer MA's are also around the 1450 zone making it a strong resistance.

Conclusion - Since the longer term trend is down. I will advise to book some profits on this rally

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