finalyticsbreweries

UPL Analysis: Positional

Long
NSE:UPL   UPL LTD
1. facing Strong Resistance near 600 levels, made a Triple top formation on this level.

2. Strong support on 500, crashed post breaking this support.

3. Now price is swinging in a parallel channel , Bottom of the channel is acting as a new dynamic support line.

4. A new supply zone near 467-470 levels. Minor resistance on these levels.

Positions:

Enter above 470 once it breaks the 470 resistance line with volume .
Short term Target 1: 500
Long term T2: 545





Trade closed: target reached

Comments

Perfect analysis
+1 Reply
Good analysis
+1 Reply
@vsjithu, thnx
Reply
Your room search is same as I am researching.. I like it. Thanks
+1 Reply
@alokranjann, Some Mistype probably .. didnt understood
Reply
alokranjann finalyticsbreweries
@finalyticsbreweries, sorry it's typing error
Reply
Awesome analysis...........keep it up...................
Reply
@VINIRAJ, thanku
Reply
Strong monthly resistance at 485 level......need to strong close above
Reply
Much awaiting analysis got now..thanks a lot 🙂
Reply
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