Technical: United Spirits, SB & T International, Dish TV, Agro Tech Foods, Pratibha Industries, MOIL, Tecpro, ::Business Line

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Please explain the short- and medium-term trend of United Spirits and SB & T International.

Thariath Kurian

United Spirits (Rs 530.7): United Spirits moved close to the long-term trough at Rs 425 formed in January 2009 and the stock continues to hover above this level. This level can act as a stop-loss for both short- as well as medium-term investors. If this level is breached, the supports at Rs 362 and then Rs 288 will come into play.

Short-term targets for the stock are Rs 750 and Rs 925. The zone between Rs 900 and Rs 950 is also a key medium-term resistance. Inability to move above this zone will mean that the stock will vacillate between Rs 500 and Rs 950 over the upcoming months.

Medium-term view will turn positive only on a strong close above Rs 950. Subsequent targets for the stock are Rs 1,068 and Rs 1,215.