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Wait for Proper Entry Setup.
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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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UPL IS HAVING GOOD SUPPORT AT 520 AND AROUND WHICH IS ALSO THE MEETING POINT OF THE LONG COMING TREND LINE, ON THE UPPER BANK HIGHER RESISTANCE IS PLACED AT 575, AS MARKET TREND IS DOWN, UPL HAS SHOWN WEAK SIGNS AND MAY TAKE SOME SUPPORT AROUND 520 LEVELS, Join Telegram GROUP,in About section of Trading View profile picture. STAY CAUTIOUS AND TRADE SAFELY AND...