UPL broke through its 200 dma near 570 earlier this month and sharply move to wards 500
Current bounce is a reaction to the sharp down move and should not be seen as an uptrend
Long players should wait for more consolidation before jumping in
Short players can to short on bounce with stops at 550
The stock is quite weak as of now.
Current bounce is a reaction to the sharp down move and should not be seen as an uptrend
Long players should wait for more consolidation before jumping in
Short players can to short on bounce with stops at 550
The stock is quite weak as of now.