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...
UPL Ltd–CMP - ₹445.80 Dt.–27-07-2020 On a daily chart, the stock is giving respect to the trend line as well as to the 21DEMA. 3 times stock has taken the support of the trend line and bounced back. In the last trading session, the stock has given a slight close below the trend line but above the 21DEMA. It looks like if stock started moving up then it will face...
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
The stock is sitting beautifully at its 0.618 retracement level. Two long term supports/resistance are drawn at 480-482 & 498. You will have to scroll to left to see why! It made a Shooting star today but I won't read a lot into it. Positional Trades: Go long above 465 for 470, 475, 478, 482 with SL at 459 Short below 459 for 455, 450 with SL at 464. Please...
In today's Trend it has been observed that the Script has touched and faced a hurdle at this Trerdline near 470 and could not sustain. the Stock has made Double Top and Double Bottom Format so now it's positioned at a stage where it can give a Breakout or Breakdown. So be Long if Crosses 475 for the Targets of 480-485-490 Targets. Go Short if Sustains below 456...
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Upl is Trading on trendline. If 5 min. candle closing is above 465, further upside expected. Support near 450
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Buy above 445 with Sl at 435.5 Sell Below 435.5 with SL at 445 ~ Inside bar trades are generally aimed to capture the compression effect i.e sharp breakouts. Profits are taken quicky or trailed in most of the cases and closed before market close barring rare cases where price action analysis suggests otherwise. ~Manage risk, reward will take care of itself
Follow for latest updates Buy @ 441 Targets- 446, 448
The stock has reached the uptrend target and now ready for a fall
There may be a break down in UPL on the rising wedge. On a good closing below the lower TL, we can expect UPL to go down further till 400. *For educational purpose only.
Note: This is for educational purpose only. There seems to be a build up near lower channel. However, the build up is not too strong. Shorting opportunity might come if the channel is broken downwards.