Intradaytrader
United Phosphorous Ltd Intra-day Trading (Sell) opportunitiesNSE:UPL
TRADE ANALYSIS
This stock is very bullish and making new highs, the stock had created higher highs, However in the last 30 minutes trading session it closed below 20 Moving Average (MA) and below volume weighted average price (VWAP) with a strong bearish move and a negative RSI Diversion which means that the stock is losing its momentum and might touch its deep retracement zone.
POSSIBLE SCENARIOS
1) If Market opens sideways- and touches the price of 842 also making any bearish pattern or price rejection from 842 zone then look for confirmation candle and sell, put stop loss at 847, take profit at 823.
2) If market opens Gap Down- check for the 15 mins bearish candle then straightaway sell and put stop loss above 15 mins candle take profit at 806 or according to your risk to reward ratio.
3) If market opens Gap up- Do similarly like sideways market.
NOTE: In case the market opens gap up above 842 price then I would recommend not to trade UPL LTD.
Suprajit Engineering chart analysisSuprajit Engineering chart analysis for intraday and swing trading
**NIFTY PREDICTION & ANALYSIS FOR TOMORROW 3 JUNE -EXPIRY DAY **"An investment in knowledge pays the best interest." — Benjamin Franklin.
NSE:NIFTY Nifty for tomorrow might be Flat and Range bound.
Nifty Next Key Levels –
Resistance zones: provided in the video
Support zones: provided in the video
If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
Intraday strategyNifty 50 intraday strategy as it makes penant on 15min time frame. If it breaks any side it cam go up to my targets
