🍺 United Breweries Ltd – Weakness Continues as Price Breaks Range

🔹 Price Action United Breweries closed the week at ₹1,795.80 (-2.93%), marking a clear breakdown below the key ATR range support near ₹1,870 – ₹1,900. The stock has been in a consistent downtrend since peaking around ₹2,300, and this fresh penetration of support suggests further weakness. 🔹 Technical View Support Levels: ₹1,789 (immediate), ₹1,680 (major support) Resistance Levels: ₹1,870 – ₹1,900 (now turned resistance) Indicators: RSI at 35.41 → Slipping towards oversold, showing falling strength. Persistent RSI downtrend from mid-2023 remains intact. Breakdown of long-term support trendline (green) confirms structural weakness. 🔹 Strength & Weakness ⚠️ Price has broken below key ATR range support, signaling bearish momentum. ⚠️ RSI trendline resistance continues to cap recovery attempts. ✅ Next strong demand zone lies around ₹1,680, which could provide a short-term bounce. 🔹 Outlook As long as price remains below ₹1,870, trend stays bearish. Next downside levels: ₹1,789 → ₹1,680. A sharp bounce is possible near oversold zones, but overall bias remains weak unless stock reclaims ₹1,900+. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.