United Spirits - the lower cloud edge after the August top

closed at 1395.00, lower by 5.00 or 0.36%. Tenkan is at 1441.60, Kijun at 1473.90, Span A at 1457.70 and Span B at 1457.20. Price is resting directly at the lower edge of the cloud. Span A at 1457.70 and Span B at 1457.20 are almost identical, which marks the point at which the cloud twists, and the forward cloud from there widens to the upside. The sequence through this year is worth noting. The stock based between 1225 and 1300 through April and May, then advanced sharply from late June to reach 1555 in early August, clearing the descending blue trendline drawn from the December high in the process. That rally has now retraced roughly two thirds of its distance, and price has fallen back to the trendline it broke. Tenkan at 1441.60 below Kijun at 1473.90 confirms the short-term midpoint has slipped under the longer one. United Spirits' performance is driven by the prestige and above segment mix, along with state-level excise and pricing decisions that can move volumes without warning. Holding 1457 keeps the June to August advance intact. A decisive break places 1385 and then the 1325 area into view.