UPL
UPL SHORTI hope you can now see how Upl represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
UPL - Long ( Escaped the Rising Wedge)In my earlier post of 19 Aug, I have mentioned two direction for UPL. One was creating the Raising Wedge and the other if the Wedge is broken Upwards. Now it's clear that the Wedge has broken upwards and a Bull Flag is visible. This will now continue to travel in the Channel. Target on the chart.
UPL Analysis: Positional 1. facing Strong Resistance near 600 levels, made a Triple top formation on this level.
2. Strong support on 500, crashed post breaking this support.
3. Now price is swinging in a parallel channel, Bottom of the channel is acting as a new dynamic support line.
4. A new supply zone near 467-470 levels. Minor resistance on these levels.
Positions:
Enter above 470 once it breaks the 470 resistance line with volume.
Short term Target 1: 500
Long term T2: 545






















