UPL Limited - #Breakout Setup After #Accumulation Phase
Current Price: 691.07
Good For Swing to Short-term Trading.
Technical Summary:
UPL is showing a classic accumulation-to-breakout pattern after an extended sideways #consolidation phase. The stock has broken out from a well-defined range with strong volume confirmation and is now positioned for potential upside momentum.
Key Technical Highlights:
✅ Breakout Confirmed: Price breaking above 768 resistance zone with volume expansion
✅ Accumulation Phase Complete: Extended consolidation (2024-2025) suggesting smart money accumulation
✅ EMA Alignment: 20/50/100/200 EMAs converging and starting to fan out bullishly
✅ RSI Strength: At 69.18, showing momentum without being overbought
✅ Fibonacci Levels: Currently between 0.236-0.5 retracement, plenty of upside room
Price Targets:
- Target 1: 938.15 (+35% from current levels)
- Target 2: 994.95 (+44%)
- Target 3: 1,050+ (Extended target)
Support Levels:
- Immediate: 676 (0.618 Fib)
- Strong: 629 (0.5 Fib + breakout level)
- Critical: 607 (20 EMA)
Risk-Reward: Favorable at current levels with defined support zones and multiple upside targets.
Disclaimer:
This analysis is for educational and informational purposes only and should NOT be considered as financial advice or a recommendation to buy/sell any security.
- Technical analysis is based on historical price patterns and may not predict future performance - Past performance is not indicative of future results - Trading and investing involve substantial risk of loss - Always conduct your own research and due diligence - The author may or may not hold positions in the discussed security - Price targets are projections based on technical levels and not guaranteed outcomes - Market conditions can change rapidly, invalidating technical setups - Use appropriate position sizing and risk management strategies
** Trade at your own risk. You are solely responsible for your trading/investment decisions.**
#UPL #TechnicalAnalysis #Breakout #Accumulation #StockMarket #NSE #SwingTrading #ChemicalSector #FibonacciRetracement #RSI
Current Price: 691.07
Good For Swing to Short-term Trading.
Technical Summary:
UPL is showing a classic accumulation-to-breakout pattern after an extended sideways #consolidation phase. The stock has broken out from a well-defined range with strong volume confirmation and is now positioned for potential upside momentum.
Key Technical Highlights:
✅ Breakout Confirmed: Price breaking above 768 resistance zone with volume expansion
✅ Accumulation Phase Complete: Extended consolidation (2024-2025) suggesting smart money accumulation
✅ EMA Alignment: 20/50/100/200 EMAs converging and starting to fan out bullishly
✅ RSI Strength: At 69.18, showing momentum without being overbought
✅ Fibonacci Levels: Currently between 0.236-0.5 retracement, plenty of upside room
Price Targets:
- Target 1: 938.15 (+35% from current levels)
- Target 2: 994.95 (+44%)
- Target 3: 1,050+ (Extended target)
Support Levels:
- Immediate: 676 (0.618 Fib)
- Strong: 629 (0.5 Fib + breakout level)
- Critical: 607 (20 EMA)
Risk-Reward: Favorable at current levels with defined support zones and multiple upside targets.
Disclaimer:
This analysis is for educational and informational purposes only and should NOT be considered as financial advice or a recommendation to buy/sell any security.
- Technical analysis is based on historical price patterns and may not predict future performance - Past performance is not indicative of future results - Trading and investing involve substantial risk of loss - Always conduct your own research and due diligence - The author may or may not hold positions in the discussed security - Price targets are projections based on technical levels and not guaranteed outcomes - Market conditions can change rapidly, invalidating technical setups - Use appropriate position sizing and risk management strategies
** Trade at your own risk. You are solely responsible for your trading/investment decisions.**
#UPL #TechnicalAnalysis #Breakout #Accumulation #StockMarket #NSE #SwingTrading #ChemicalSector #FibonacciRetracement #RSI
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.