BUY UPL, target price Rs: 850
Trading rationale:
Focus on Chemical and Fertilizer stocks till budget,
UPL is best buy in agro chemical space,
Breakout from expanding channel on weekly time frame,
Bullish crossover on MACD & RSI is above 60 suggesting strong trend of the stock,
Option buyers can track 790 CE which is trading at 23.45 with a sl of 16 for targets of 32/40
Swing traders can buy @ CMP: 788 SL: 740, for targets of 850, horizon: 3 weeks.
Focus on Chemical and Fertilizer stocks till budget,
UPL is best buy in agro chemical space,
Breakout from expanding channel on weekly time frame,
Bullish crossover on MACD & RSI is above 60 suggesting strong trend of the stock,
Option buyers can track 790 CE which is trading at 23.45 with a sl of 16 for targets of 32/40
Swing traders can buy @ CMP: 788 SL: 740, for targets of 850, horizon: 3 weeks.
Trade closed: target reached
Both options target achievedCMP: 41
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.