UPL | Investment Pick📊 DETAILS
Sector: Pesticides & Agrochemicals
Mkt Cap: 47,055 cr
UPL is principally engaged in the business of agrochemicals, industrial chemicals, chemical intermediates, speciality chemicals and production and sale of field crops and vegetable seeds.
TTM PE : 16.45 (Average PE)
Sector PE : 36.75
Beta : 1.07
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
22.92% away from 52 week high
Outperformer - UPL down by -1.84% v/s NIFTY 50 down by -2.37% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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UPL
Long Stup in UPLA Inverted Head & Shoulder Chart Pattern Breakout happened on the weekly Time frame of NSE:UPL
Price Action supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
One can initiate the long trade as per the lavel mentioned on the chart
Stop loss will be on a Daily closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern
Technical Indicator :- Positive MACD Crossover
UPL: Supply turned demandUPL(United Phosphorus Ltd.) has been declining over the past few sessions & has recently entered a supply turned demand area on weekly timeframe
Earlier in 2021, 650 was a key resistance and later on we saw a momentum filled breakout with high volumes after which the stock has been consolidating since then. For now 630 seems to be a good accumulation level as it has been tested as a support many time during this accumulation phase and below which we have higher chances of seeing further downside so it is a crucial level to watch for!
For value investors after such a long accumulation phases the breakout of the pennant can be a better opportunity as risk is high as per now.
On the fundamental side, the company has good amount of cashflows and is fairly priced at price to book ratio of 1.6 times
SETUP:
Entry near 630 keeping a strict stop loss near 595 & target up to 740 is a decent risk to reward setup.
Kindly do your own research. Thanks a lot for reading!
UPL Wait for BreakoutUPL on Monthly longer time frame is creating multiple pattern on various charts.
Two significant pattern visible is Flag pole and Diamond pattern.
Hence it can breakout on either side
If breakout on upper side then target of 991 is expected
If breakout on lower side then target of 508 is possible.
currently good for trading the range unless breakout occurs and sustains on closing basis.
upl ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
UPL Double Bottom & RSI DivergenceAccording to the daily chart, UPL has formed a double bottom pattern near a significant support zone. Notably, while the price made a double bottom near the same level, the Relative Strength Index (RSI) recorded a higher low, indicating a bullish divergence in the RSI.
Entry:
We can go long after the close of a strong bullish candle near the support zone.
Stoploss:
We can keep the stop loss below the support zone with some buffer.
Target:
We can keep the target near the next resistance zone as marked on the chart.
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UPL LongThe stock has been trading in a range for a long time , now its about to breakout ; buy when the price gives a clear breakout on the neck line.
Consider the time frame here , I have used 1 Day as TF so the chances of hitting the targets are good only when you hold it for a longer duration. The SL here is of 3.5-4% , so do your Position sizing according to your Risk Appetite .
#KeepTrading
UPL Bearish way ahead ??!!!!Chart patterns convincing me to publish this above titled opinion
REASONS
1. UPL has been trading inside an Expanding Triangle pattern(10 year- from 2013) taking support and resistance at perfect levels till now.
2. Currently it is under the down swing move inside the pattern
3. Pink trendline from 2020 acting as support, Bears trying to get break that trendline ( June 2022 (1st time), Oct 2022(2nd try), now Dec 2022(3rd try)).
4. During the june 2022 and oct 2022, weekly candle broke that line(with wicks), but low didn't get tested and bulls took charge.
5. But, now the Breakdown candle(19 dec weekly candle) is more alike BEARISH MARUBOZU candle with LOW TESTED!!!!
6. This may be a sign of Bearish way ahead!!
7. In the Daily time frame, its been travelling in a channel pattern and respecting it too and currently an inverted cup & handle like pattern too formed in verge of a Breakdown!!(shown below)
8. It is better to not to Go long even if you don't short now!!!
9 . Strong day close above the 775 will pave way for weakness in Bears approach!!
If the stock goes as per levels shown, fib 0.382 , 0.5 can be the Target levels ahead!!
In the short term, we can have SL - day close above 738 and Target as 680
Let's wait and watch, how it is going to move!!!
Note - Just Sharing my view....not a tip nor advice!!!!
4H UPL - Short Position1. Bearish Engulfing Pattern formed at Support and Resistance Area which is price action pattern.
2. Fibonacci Retracement 61.80% level meets the pattern.
3. Trendline is far awy from the price.
4. Take Profit area is correctly calculated at 728.00
5. The current price will definitely reach that Take profit area clearly on my idea.
Congrats...
UPL Swing TradeUPL has formed Double Bottom Pattern. Which is a bullish pattern and it may form W pattern. So we can take swing trade here.
Entry:
We can go long when price gives breakout above the resistance zone with strong bullish candle.
Target:
We can keep target near the next resistance which will be also the neckline of W pattern as marked on chart.
Stoploss:
We can keep stoploss below the resistance zone.
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intradayyou can sell at resistance and buy at support zone OR you can buy on breakout. wait patiently read candles
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books