Gaurav1985

Cautious View on UPL for 24th July 2020

NSE:UPL   UPL LTD
In today's Trend it has been observed that the Script has touched and faced a hurdle at this Trerdline near 470 and could not sustain. the Stock has made Double Top and Double Bottom Format so now it's positioned at a stage where it can give a Breakout or Breakdown.

So be Long if Crosses 475 for the Targets of 480-485-490 Targets.
Go Short if Sustains below 456 for 5% Downside before Earning.

Fundamentally good stock and expectation of Good results at high on Street.

Happy Trading.

It's my Personal View, Please don't treat as Recommendation.

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.