🍺 United Breweries Ltd. – Rebound Likely from Channel Support

United Breweries appears to be bouncing off a long-term ascending channel support, suggesting a potential resumption of its broader uptrend. The stock has held the lower green trendline firmly, and the RSI’s turn upward from near oversold territory adds confirmation of a probable short- to medium-term reversal. 🔹 Technical Overview Pattern: Rising channel (price holding at dynamic support). Support Zone: ₹1,780–₹1,700 (trendline + horizontal support). Resistance Zone: ₹1,950–₹2,000 (initial hurdle), ₹2,150 (major). RSI: Recovering from near 40, indicating waning bearish momentum. Volume: Stable; signs of early accumulation visible. Structure: Higher-timeframe trend intact, with pullback testing the channel base. 🔹 Interpretation ✅ Price respecting multi-year trendline support. ✅ RSI showing early reversal signal — potential for bounce continuation. ✅ Sustaining above ₹1,800 could invite buying toward ₹1,950–₹2,100. ⚠️ Weakness only below ₹1,700 may disrupt this setup. Overall, UBL seems poised for a technical rebound after a healthy correction within its long-term channel. A follow-through candle with volume would strengthen the bullish case for an extended move upward. 📢 Disclaimer: For educational purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)