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Brakeout

It's time to add UPL to the Radar.One fundamentally strong stock in the Nifty 50 Technically, it is at a good level. Let's see if there are any breakouts from here. UPL is now nearly 10% lower than its 52-week high. From Sep onwards, it traded in a narrow range. (760H and 676L)Look at the chart now; it is testing the 760 level; let's see if there is an opportunity to the upside. If the Nifty gives a trend reversal, it might influence the stock as well. So keep an eye on it, as well as volume. Be bullish only after crossing the red line. * If it fails to sustain above 760, we can expect a quick drop in the lower time frame. 
NSE:UPL
by Manuadarsh
Be cautious as year-end,month-expiry&weekly expiry are coming..I hope the year ends on a high. We saw a lot of volatile expiries at NIFTY50. But this is going to be the last one of the year and the month we can expect volatility again. Looking at the chart, we can see that the all-time high for the Nifty50 was set on October 19th, and a clear downward trend was created when the price touched the trend line. There was clear rejection, and the price came down, creating a channel. Now the price is nearing the trend line. Let's see if it going to reject or if trends reverse from here. The Nifty50 is trading at 17230. 17200 and 17300 are expected to act as resistance. In terms of price action, this is also an important level; if it is broken with strength, we may see an upside moment. As long as the price does not exceed the 16800 to 17300 range, we will consider selling options with a good premium at those levels. Currently, I have 16800PE and 17500CE. Let's see how this week ends; if the 17300 level breaks, I'll keep my put side up and hope the 17500 level doesn't break; if it does, I hope I will be able to manage the position exit with profit.
NSE:NIFTY
by Manuadarsh
MAruti - Long Trade IdeaMaruti has given a good breakout in weekly time frame out of consolidation pattern. Stop Loss - 7200 Target 9200 Cash only trades - no derivatives. Disclaimer - we are holding from 7450-7500 levels. Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
NSE:MARUTILong
by Market-Thalaivaa