Short UPL as per MACD & Stochastic signals

akshay1808 Pro+ Updated   
NSE:UPL is one of those stocks where it seems bearish phase is yet not stopped. Fresh signal are given by MACD crossover as well Stochastic crossovers. Interestingly both are also giving bearish divergences (observe down arrow) which confirms our short selling call. Short Sell in range of 700-705. Targets will be 693(T1), 680(T2), 672(T3). A stop loss of 709 is highly recommended.
Trade active: Sell UPL @ 703
Comment: Stop loss of 709 can get triggered!
Trade closed: stop reached: Stop loss of 709 hit....


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