UPL : Breakout & Rouding Bottom
Updated
UPL (Large Cap - Nifty 50) stock which was facing a bit of turbulence in between has given a bullish breakout & made a rounding bottom pattern.
Since all large-cap stocks are near to their all-time high. This stock has to go miles to achieve the same.
Targets are very high with a good Risk to reward ratio. Levels are mentioned on the chart.
DISC: Please consult your financial advisor before making any trade. This is not a buy or sale recommendation.
Since all large-cap stocks are near to their all-time high. This stock has to go miles to achieve the same.
Targets are very high with a good Risk to reward ratio. Levels are mentioned on the chart.
DISC: Please consult your financial advisor before making any trade. This is not a buy or sale recommendation.
Note
Please change the SL to 575 now as the trade is near to target 1 - 600.Trade closed: target reached
Target 1 of 600 is reached. Closing this trade now.Best re-entry would be around 550 levels again.
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