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ReviveTraders
Jan 8, 2021 4:38 AM

UPL | Head & Shoulder Pattern | Wait For Clear Breakout 🎯 Long

UPL LTDNSE

Description

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β­• Investment Trading opportunity ! weekly Chart Alert !!!β­•

--Buy Above =508.65 or CMP
--1st Target = 596 (17% )
2nd Target = 683 ( 34 % )
3rd Target = 774 ( 52 % )
--Stop-loss = 433.85
--Expected Holding = 3-5 Months only

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β­•Technical Reasons to trade or Strategy applied :- β­•

1) upl has formed Head & shoulder pattern & waiting to break the trendline
2) Volume is good enough but need a clear breakout
3) Retracement is still totally left so don't hurry
4) Targets are based on Support & resistance


Guys check out the related ideas as well, it will work really well GUARANTEED !

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✍COMMENT Below your view !

Trade active

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Comment

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UPL is going good , safe and book some profits here , rest hold it & reduce your SL to 460 ..i will keep updating

Comment

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near our first target , safe can book fully ===17% GAIN !!

Trade closed: target reached

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bought @ 508
booked @ 596
pints earned =87
lot size = 1300
PROFIT booked per lot =1,13,000 ( 17 % ) in one week

SAFE TRADERS BOOK FULLY
others reduce your SL to 480 or at COST

Comment

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Comment

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CUP & HANDLE PATTERN

Trade closed: target reached

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2nd TGT HIT 34 %

Trade closed: target reached

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3rd TGT HIT 52 % GAIN
Comments
Ram711
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good to enter now?
ReviveTraders
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@Ram711 enter after the main trendline breakout only
suneel1992
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Can i enter at Cmp ?
ReviveTraders
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@suneel1992, i think you can enter after the trendline breakout..not now cause it can still come down
chromium45
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Seems like today it has broken out the trendline, I purchased at 482
ReviveTraders
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@chromium45, perfect decision ...keep holding for long term gain
LearningJoe
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Will be too happy to go through such detailed explanations, logic & clarity from a lot more TA's. Appreciated. Thanks.
ReviveTraders
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@LearningJoe, thank you very much , i'm glad that you liked the way i post
tradingrhythm1
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Very nicely explained!!
ReviveTraders
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@tradingrhythm1, thank you very much . have a profitable journey ahead
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