I am currently consulting with a client who has an interest in United Spirits Ltd (Breweries & Distilleries sector). The stock is a perfect example of how we can use Elliott Waves to avoid the pitfalls that a classical analyst would generally overlook. I will share with you just the first 2 or 3 Elliott Wave charts of United Spirits to get you thinking.
![United Spirits in a Triangle](https://blog.wavetimes.com/wp-content/uploads/2021/09/United-Spirits-9Apr21a.jpg)
In my experience, a triangle is one of the most unreliable formations. Now you see it, and now it is gone! Well, it doesn’t vanish, it just changes shape. I am not saying that this will be the case here. But consider the following.
![Considering some alternatives in United Spirits](https://blog.wavetimes.com/wp-content/uploads/2021/09/United-Spirits-9Apr21b.jpg)
Many traders spend a lot of time looking at intraday charts and they miss the big picture. If you want to be a consistently profitable trader, you should step back and also look at the the big picture for a moment, and often enough, it will open your eyes to new ways of evaluating the options.
![Monthly Chart of United Spirits](https://blog.wavetimes.com/wp-content/uploads/2021/09/United-Spirits-9Apr21c.jpg)
My online program, “How to Profit with Elliott Waves” has over 17 hours of cases studies just like this one. You will see different real-life situations being considered and also how I would approach the trade from that point. The course is not about how to label waves on a chart when the move is already over! So, if you are a serious trader, shouldn’t you give yourself this knowledge?