#UnitedSpirits
CMP 572
A portfolio grade stock for sure.
Very reasonable compared to its Parent Co.
Charts look good for MT as well.. as it has given a fresh BO on weekly charts (wait for tomorrow's close to confirm)
It looks like for a CNH in formation on daily charts.
Can take a small entry when green trendline breaks and keep strict SL below 20SMA
currently sustaining above imp moving avgs.
Stock has recently given a multi year BO & has been respecting its support levels very well.
It can very well trade above its ATH very soon.
Keep SL below blue line and ride the momentum!
1) Trader mindset - Allotment in retail is like lottery. With ever growing no. of demats the over subscription rate just seems to be going up everytime! Why block 15K for a week and pray for allotment and then #listinggains(if any) when u can use TA make decent profits trading?
2) Investor mindset - #IPO ‘s give very good #opportunity for really good returns in medium to long term. So why miss it?
So I am going to wait for them to list. Do my research, combine TA with #FUNdamentals and choose a good entry point after the listing.