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Stock Radar: United Breweries bounces back from 2-yr consolidation. Are bulls about to make a comeback?
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Alco-bev major United Breweries has consolidated in a 400-point range in the last 2 years and the stock bounced back after taking support at the lower end of the range in May on monthly charts, which suggests bulls are here to stay.Short-term traders with high-risk profiles can look at accumulating the stock as the risk-to-reward ratio looks favourable for a bounce back towards the resistance level.The stock has been moving in a range since
. Read more on economictimes.indiatimes.comAbout this in other media
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