Rising Wedge pattern and Golden Crossover at the same time. Immediate support around 500.
I think this count is High Probable & that's why this is my Preferred Count. NSE:UPL
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...
Structure Changed, Count Changed. NSE:UPL
Smart money accumulated before starting uptrend. They will try to defend the position by buying when price comes into buy zone. Note - avoid before 9:30am due to high volatility Regards MuneshV
UPL has given breakout above 484 where a deceptive HA candle was formed a couple of weeks back. Lookout for a target of 520 and above.
Buy on DipsBetween 470 to 460 With SL 440 DCLSB. Do your Own Research before any trade. This is purely for education purpose.
Stock of UPL is taking the support & going at the Resit. level Can be taken long entry above the price of 465 for the next target level of 477-485 with the SL of 459. RSI is also showing strength & stock is well supported by the 20 EMA Level. So add the stock in your watch list to see the price action movement in the stock. Always do trading as per your Reward...
Reason- Trend line support -Channel formation In demand zone EMA 20 support
Note: This is for educational purpose only. There seems to be a build up near channel support which shows lack of demand or lack of buying pressure. Moreover, there is a big red candle formed near support with high volume. You can short on breach of the channel.
I 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...
NSE:UPL UPL limited is forming a good wedge pattern, good stock for midterm(6-9 months). VWMA looks good PS: this post is for educational purpose only! Remember stock market is Zero Sum Game! Trade @your own risk!