Deshmukh told CNBC-TV18, "United Spirits is a slightly defensive pick. I think it has consolidated from the month of June to October between Rs 800-1080 levels. Early this month we have seen this breakout come up of that pick of rounded bottom, which is around Rs 1080. The next level to watch out would be Rs 1350 on long term charts. It is also trading above the short term and the medium term averages, so the trend looks very much strong even now at these levels and definitely I would recommend a buy on dips in this counter."
Disclosure: I do not own any of the above stock but we do have recommendation as a broking house to clients.
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