NSE:UPL forms an inverted head and shoulder. Watch out for a probable break out and good risk reward ratio. Ideal above 510.
Bearish view as we can see on 15min. time frame triangle pattern breakdown below 462 with sl of 465.50 for the tgt of 457-455.
Look for buying opportunity at buyzone 1 and head for the upper targets in couple of days
Consolidation on a long basis between upper and lower trend line. A breakout is possible, hidden divergence indicatior is also bullish.
UPL Bullish Flag pattern Buy:- 453 Sl:- 448 Target:- 464 Ratio:- 1:2
UPL is at almost perfect buying price around above 400 till CMP . Target and trend analysis is shown in the chart. Good for positional trading until 725 (approx. 40% return) W1, W2, W3 Denotes Levels on Weekly chart for investment purpose D1, D2 denotes levels on Daily chart for positional trading purpose
UPL recovering steadily from last weeks crash, recovered 50% and now hovering around the 61.8% levels! Next stop 466.5 and then 478.9
Previously, I shared an idea where the price structure was moving on a curve road, that curve road looked fancy to me, else it had no point on the chart. Yes, the curve road helped to determine a rough target for sure. Now, after reaching our expected targets, the scrip is moving in a parallel channel with some excess. The scrip has potential to fill the gap...
Trading plan: Sell on rise near the level of 468-470 keeping the stop loss above 495 for the target of 415/380/350