UPL APPROACHING LONG TERM RESISTANCE.
Updated
UPL IS APPROACHING IT'S LONG TERM TOP AS WELL THE 1:1 PRICE PROJECTION FOR THE DOUBLE BOTTOM PATTERN.
IF IT REACHES 833 BE VERY CAUTIOS AND BE SHORT FOR THE NEXT FIBONACCI LEVEL OR TRENDLINE TO ACT AS A SUPPORT. I EXTENDED THE TOP OF FIBONACCI TO 833 IN ANTICIPATION THAT UPL WOULD REACH THAT PRICE.
THERE HAS BEEN NEWS OF INSIDER SELLING ABOVE 760 LEVELS.
IF IT REACHES 833 BE VERY CAUTIOS AND BE SHORT FOR THE NEXT FIBONACCI LEVEL OR TRENDLINE TO ACT AS A SUPPORT. I EXTENDED THE TOP OF FIBONACCI TO 833 IN ANTICIPATION THAT UPL WOULD REACH THAT PRICE.
THERE HAS BEEN NEWS OF INSIDER SELLING ABOVE 760 LEVELS.
Note
WE SEE UPL APPROACHING CONSOLIDATING ABOVE 800 LEVELS.BUY IF IT BREAKS OUT FROM 833 LEVEL
SHORT IF IT PULLS BACK BELOW 792
Trade closed manually
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