It's time to add UPL to the Radar.
One fundamentally strong stock in the Nifty 50 Technically, it is at a good level. Let's see if there are any breakouts from here. UPL is now nearly 10% lower than its 52-week high. From Sep onwards, it traded in a narrow range. (760H and 676L)Look at the chart now; it is testing the 760 level; let's see if there is an opportunity to the upside. If the Nifty gives a trend reversal, it might influence the stock as well. So keep an eye on it, as well as volume. Be bullish only after crossing the red line.
* If it fails to sustain above 760, we can expect a quick drop in the lower time frame.
* If it fails to sustain above 760, we can expect a quick drop in the lower time frame.
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