amankavi
Long

GPL : Reversal from Core Support levels

NSE:UPL   UPL LIMITED
Scrip can be aimed for TP if bullish momentum continues with morning star in motion (to a moderate extent)

Planning to enter intra-day with price level mentioned in chart aiming towards
TP = 792, 795, 800, 810 and beyond
Enter above 785-787
Sl= (As per risk appetite)

Might also aim towards short term if the bullish momentum continues with Nifty supporting the trend

Sound fundamentals
https://www.screener.in/company/UPL/cons...

Pros:
- Company has good consistent profit growth of 26.03% over 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.51%
- Company has been maintaining a healthy dividend payout of 20.56%
- Cash flow : Positive

Cons:
- Debt mounting although company has adequate Interest Coverage: ₹ 4.43
- Price to book value: 5.08
Comment: Are we seeing the scrip taking bearish reversal (swing trade) back again to core support levels with expanding wedge in motion

Comment: If the bearish momentum continues, Short opportunity
Enter below 800
Short till TP 750-760
if reaction lows goes lower with expanding wedge in motion
Comment: Still appears to be showing weakness. Will enter below 785
Short till TP mentioned above
Very Good Analysis !!
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amankavi sanjaysingh2550
@sanjaysingh2550, Thanks :)
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