Hi Everyone...
In UPL we got W pattern with CHOCH confirmation but still is Sell channel
Risky traders entry the buy @502-486-455
SL 446
Safe traders wait for breakup....follow the chart drawing and enter the retracement @432
SL 446
Both TPS WILL BE
529-604-700-750-800-850-1250
UPL is forming a double bottom pattern. If it breaks the resistance and confirm the breakout with volume spike, it may go higher. UPL is in a downtrend so limit your position size.
Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our...
UPL , is a stock that has been on a downward trend for quite some time. It has been consolidating for the past few days and is also forming a triangular pattern.
Entry is recommended strictly upon closing above 478 , However, it might find support between 454-457 . If that happens, a slightly early entry with a risky stop-loss could be considered, but this...
UPL is at good support zone which is visible on the chart. please follow the line very strictly as Stop-loss.
ABOUT
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.
KEY POINTS
Business Overview :
UPL is a leading...
UPL is forming Higher Highs formation, Now stuck near 500 mark
If breaks the trendline & holds below support level it may show correction
However if sustains above Resistance level, Upside Recovery may also come
Keep Tracking Charts
*For Educational purposes
Learn and Practice Price Action Setups
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...
UPL Looking like bullish
It is in major suppot & Demand zone
Mostly it can be reveres in this zone
First Target@617
Second Target@710
Stop loss@525
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or...
Trading and investing are completely different in nature.
In trading, we don't care about the prices whether it's fair or not.
We buy high and sell even higher.
But in investing, we should only buy a stock near its intrinsic value. No matter if everyone is making money except us. But, price which is justified by fundamentals are sustainable and proved...
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....
Even though there aren't volumes catching up, we can see a divergence on weekly timeframe.
Why bullish view:
1. Divergence on Weekly Timeframe
2. Hammer candle with bullish harami candle, which you don't get to see a lot.
3. A long upward channel has been formed at support level.
📊 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...
