After witnessing a sharp decline since May this year UPL has managed to stage a slow but steady revival . The daily charts reveal a steady trended action that is seen generating a demand at every pullback. The ascending trendline support suggests that the uptrend is intact and we could see more upside as value area resistance around 600 has been overcome. With the...
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R:R is 1:6++
UPL is in a deeper bear flag continuation pattern. The stock is approaching a key zone between 556 - 565. This will be the 3rd touch of the bear flag indicating pattern completion. If there are strong rejections at this area the stock can reserve and continue its move to the downside potentially till the 500 levels.
Sell Zone - 556 - 565
Traders should enter...
Key Levels for UPL are :
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