Namaste!
UPL is a very good pick for investing, from Nifty 50 stocks.
Why?
1. It has an average EPS of Rs 29.50 since the last 6 years.
2. It is from the agriculture chemical sector, which is a good sector to invest in. The sectors I don't recommend are Aviation, Telecom, Etc.
3. It's IV is Rs 1390, if 29.50 EPS and 6.1% (India 10-Year Bond Yield) is considered....
📊 DETAILS
Sector: Pesticides & Agrochemicals
Mkt Cap: 47,055 cr
UPL is principally engaged in the business of agrochemicals, industrial chemicals, chemical intermediates, speciality chemicals and production and sale of field crops and vegetable seeds.
TTM PE : 16.45 (Average PE)
Sector PE : 36.75
Beta : 1.07
📚 INSIGHTS
Strong Performer
Stock...
A Inverted Head & Shoulder Chart Pattern Breakout happened on the weekly Time frame of NSE:UPL
Price Action supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
One can initiate the long trade as per the lavel mentioned on the chart
Stop loss will be on a Daily ...
long due breakout awaited patiently in this script
its time to enter now for target 633-645
details shared in chart above
dislciamer - trade @ own risk
UPL(United Phosphorus Ltd.) has been declining over the past few sessions & has recently entered a supply turned demand area on weekly timeframe
Earlier in 2021, 650 was a key resistance and later on we saw a momentum filled breakout with high volumes after which the stock has been consolidating since then. For now 630 seems to be a good accumulation level as it...
UPL on Monthly longer time frame is creating multiple pattern on various charts.
Two significant pattern visible is Flag pole and Diamond pattern.
Hence it can breakout on either side
If breakout on upper side then target of 991 is expected
If breakout on lower side then target of 508 is possible.
currently good for trading the range unless breakout occurs...
UPL is showing strong bullish pattern, if it remains above the green support zone, it will complete the wave 3 and we can see bounce till 710, 730.
One can initiate long trade with stop loss of 660.
Disclaimer - The idea is only for education purpose.
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
According to the daily chart, UPL has formed a double bottom pattern near a significant support zone. Notably, while the price made a double bottom near the same level, the Relative Strength Index (RSI) recorded a higher low, indicating a bullish divergence in the RSI.
Entry:
We can go long after the close of a strong bullish candle near the support...
The stock has been trading in a range for a long time , now its about to breakout ; buy when the price gives a clear breakout on the neck line.
Consider the time frame here , I have used 1 Day as TF so the chances of hitting the targets are good only when you hold it for a longer duration. The SL here is of 3.5-4% , so do your Position sizing according to your...
Chart patterns convincing me to publish this above titled opinion
REASONS
1. UPL has been trading inside an Expanding Triangle pattern(10 year- from 2013) taking support and resistance at perfect levels till now.
2. Currently it is under the down swing move inside the pattern
3. Pink trendline from 2020 acting as support, Bears trying to get break...
Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor...
