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