LongUPL
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Long
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UPL SUPPORT AND RESISTANCEUPL 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 CONSULT YOUR FINANCIAL ADVISORY BEFORE TRADING
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upl short in hourly chart stop loss 633
short at current or wait for pull back 624
target 598
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
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Upl updateWe got our first target, but now the rejection from 631 levels, which was major support of 100 dma, horizontal support and kijun sen has given a new possibility towards 670/72 levels, although buying is not recommended, but neither selling unless it goes below 627 and holds below it, possibility is marked with arrows on the chart.
The selling will be recommended at 670 levels only if it shows some reversal signs
Regards,
Sharma Yogesh
Short
Short
UPL: Looks some more DownsideNSE:UPL
UPL short term range has mentioned in Chart. Hopefully i expect within this series. Will update if more downside is seen.
Short
Short
UPL analysis - Probability & PossibilitiesLets have a look at the analysis -->
1. EW analysis -->
Considering the top at 695.75 as end of wave 3 and now we might be in 4th corrective wave. Currently, we might be in z of wxyxz of 4 as c might have been completed today.
2. Classical TA -->
a. major resistance at 663 levels
b. 78.6% fib retracement at same levels.
c. kumo cloud support at the same levels.
d. wave c 61.8% fib extention at same levels.
e. support at 642 levels
3.Putting it all together -->
The current structure looks it might give breakdown to the channel, but it hasn't made a good reversal confirmation for downside. The resistance at 663 levels is the only support to backup the bearish point of view along w/ the EW. Candlestick ain't supporting bearish side for now.
If holds below 663 we might see 642/25/18 levels.
Lets see where it may go wrong, suppose if wave c of x have not yet completed then it might make another high at 665/667 levels and again fall towards 642/25/18. Any what if the 4th wave has ended at 555.35 that is y of wxy? Well, then say good buy to reversal, it might break the major resistance and go beyond. And from bearish point of view, you would not like to deal that.
Regards,
Sharma Yogesh
Long
UPL : Potential candidate for mean reversionUPL has moved again within -2 SD of 20 Day BB. Volume is high on reversal. 895 would act as the support for mean reversion trade whereas entry can be made at 923-926 zone for target 970-982
Long
SHORT TERM || BUY ON DIPS || UPLBuy UPL on dips with SL of 908 and potential targets of 950/957. Please adhere to stop loss and trade volumes as per the entry price.
Long
UPL | Double Top SpottedDouble Top pattern spotted in UPL Limited. Pattern is confirmed by breaching 987 levels. The stock can be expected to fall by about 5% towards 934. Do notice that rising Trendline is broken.
Short
UPL STRATEGY UPDATEAs you can see I gave a short term holding call on UPL.
Price then : 956-964
Price now : 1040+
Return : 9% (80 points approx / share)
Duration : 1.5 - 2 months Approx
I hope some of you might have earned through my call. Please like and follow, it motivates us.
What are your views? Let me know :)
Thank You, Happy Trading
Disclaimer: I am not a registered broker or analyst these are only my opinions based on current market and I am not responsible for anything based on my idea. Do your own research before trading.
UPL | RetracementUPL can be shorted at 1005-1008 with SL 1040 for minimum target of 900. View to be invalid if closes above 1011.
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Short
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