TECHNICAL VIEW ON UNITED SPIRITS (MC-DOWELL)

FROM PAST LAST 4-5 MONTHS UNITED SPIRITS IS MOVING IN UPTREND ,BUT NOW IT IS   CONSOLIDATING BETWEEN 1900-2100 LEVEL. ON 29/11/2012 UNITED SPIRITS HAS MADE SINGLE REVERSAL BAR AT TOP ,WHICH IS BEARISH PATTERN ,IF IT BREAK 1885 LEVEL ,WE MAY SOON SEE 1700 LEVEL .

TECHNICAL VIEWS ON M&M

M&M HAS GIVEN ASCENDING TRIANGLE BREAK OUT AT  930 WITH NEGATIVE DIVERGENCE IN DAILY CHARTS.NEXT SUPPORT IS AT 880 LEVEL AND NEXT  RESISTANCE IS AT  940.