Here is the technical chart of United Breweries Ltd., listed on Indian stock exchange.

 

 

 

 

 



 

 

 

Last 2-3 trading sessions of this stock were good. Touched the high of 502.80 as the price closed above kumo on daily chart. But on weekly chart, it is almost touching kumo, which is a high resistance area. Chikou-Span line is also facing resistance on kijun-sen line. I suggest to book profits at this stage in this stock and wait for its closing above i.e. 515.60 on weekly basis to take fresh long position here.

United Breweries Ltd. technical chart | 09-Dec-2011
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