Learn to Trade With The Help of Ichimoku & Fibonacci , Backtesting
UPL - BUY NEAR 425 AREAS WITH SL BELOW 420 AREAS AS IT HAS RISING VOLUME BARS WITH RISE IN RANGE TGTS 440-460
UPL GOING IN RANGE COMPRESSION ANY SIDE BREAK OUT POSSIBLE
In weekly time frame it has shown consolidation near kumo while in daily its giving a breakout today above Kumo. An EoD close above 604 could take it to next level of resistance near 635. View negates below 588
Keep SL 560, and watch hourly/daily chart..monday will update 15 min live chart
Taken hourly based support but closed below the trend line...where it go now..
Will it do Parabolic formation or not. Chart is only for education. 2hrs chart duration
Enter Short in UPL below 689 Target - 683, 676 & 670 Sl- 701
Only known to future*, if this Retracement continues further its way up and gets converted to Reversal - Up Trend. Wait and Watch. *Retracement and Reversal never Predicts.
better stocks of the same sector are available like { X , Y ,Z } , I would enter the stock only if it sustains above 75 ... !