1. Interacting with the trendline
2. Bullish MS on the lower time frame
3. Rebound from 200 MA cluster
4. Volume expansion
5. Already reversed on lower time frames
6. Bullish divergence
7. Falling wedge pattern
8. Rebound from the demand zone
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest...
On daily timeframe falling wedge pattern in UPL. Once this stock gives breakout of it's resistance level then expected this stock will move towards the 790 to 850+ target in short term time frame. Good to go long in this stock above 740 with close stop loss at 700 for target of 790 to 850+.
UPL share had following the trendline from last so many days, on Friday the stock break the trendline.
736 is a strong resistance multiple times stock touch this level and then reverse. Now the stock is trying to break again.
On Monday if Stock goes above 740, you can buy this trade.
Safe Trader can take once it goes above 745 for the short term target of...
UPL has been falling from a round level of 865 currently at 732, thus formed a falling wedge pattern and took a support from exactly the place where breakout happen, if the falling wedge pattern is broke on upward side a rally can be seen on UPL with a target between 770-790
Do like if seems worth!!!!
Add UPL in parts... Buy only 10 stocks now at 700... Next buy 10 at 673 ... Wait for the rise and then add 20 at 714 or above. Position sizing can be changed as per your capital. Likely to test 200 EMA and rise. Target 864
SL 630. Can be changed on closing basis