UPL trading Range819-699
Please note these strong support and resistance levels in UPL and
use the help of MACD to confirm the direction of the trend !
StochRSI intends a bearish move, but confirms when the level breaks
UPL
TECHNICAL PICK UPL 2Upl price is consolidating in a parallel channel pattern on hourly time frame chart so if it will break horizontal trendline resistance then we can go for a buy and if it will break horizontal trendline support then we can go for a short..
For Buy Side-: If it will break the resistance and give a close above on the same hourly time frame chart so we can go long for the target of 774.
For Sell Side-: If it will break the support and give a close below on the same 15 min time frame chart so we can go short for the target of 710.
Target- Identified form coming support or resistance one can check on daily time frame chart.
Stop loss-: Stop loss if it will close below or above on hourly time frame chart on the opposite direction of trade to support or resistance.
UPL daily, #UPL possible scenarioPossible chart scenario, moving average cluster.
structure Invalid below 710 closing basis.
long above 756 with SL 735.
keep in mind earnings this week. NSE:UPL
UPL Can be bought at 771.4UPL can be bought in CASH at 771.4
with Target of 815.70
and Stop-loss of 756.50
BUY - UPLTarget - 5% from breakout conformation
Stoploss - your own wish
Good company with strong fundamental.
UPL - Short Trade - Negative CrossoverNegative crossover observed at UPL chart on both daily & weekly timeframe.
Weak market sentiment can drag it till 620 if it sustains below 680 levels.
Short Trade can be initiated below 700 with SL above 720.
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UPL weekly Chart Support and ResistanceUPL is multinational level company with high growth in consolidation zone.
UPL - 30th June 2022Stock approaching Medium Term Support Levels.
Value buying can happen in this Zone.
Bulls will try to take contol here and push prices above this zone.
Positional trade in UPLUpl are in consolidating in range.. if it breaks 750 we can go long for target of atleast 1:2 RR.. also we can buy at lower price because it will give breakout soon for higher level for sure.
UPL Target AchievedFollow me for more such breakouts if you also want these breakouts then contact me.
you'll be receiving the intraday and positional charts on a daily basisi.
UPL - 10th May 2022Medium Term View
Sideways Trend.
Below 870 Selling Pressure by Bears towards Support Area 690-630
UPL DAILY CHART ANALYSIS AS ON 02.05.2022UPL as per daily chart analysis is in consolidation Zone and stock above 838 for a target 844
UPL Ltd - 20.04.2022UPL Ltd - 20.04.2022
The stock is trading @ 818 levels
There is a RESISTANCE ZONE @ 821 levels
The prices are above EMA
RSI is 59 in weekly chart
watch out for the price action
UPL @ 818 target 840 / 850 UPL is completing Head and Shoulder patter which may lead to target of 840 immediately and sustaining above 840 will lead to 850 levels soon
Simple Trade Setup | UPL | 07-04-2022 [INTRADAY]NSE:UPL
Observations:
1) On 1day time frame, we can see it is has formed cup and handle pattern.
Please refer below chart : 1day time frame.
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Trade Setup for 07-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Inverted Head and Shoulder Pattern in UPLPossible inverted head and shoulder in UPL in a daily time frame. First Target 850 range if it break 850 range. It can reach its pattern target 1013. As 850 range is tested multiple times so there is high chance price can reach its pattern target if it break 850range with volume. Do your own analysis before investment. Its purely technical call.
UPLUPL is being rejected from its bottom support of 679 for the past couple of sessions. Today it gave a major resistance breakout .
How to Trade With The Help of Ichimoku & FibonacciLearn to Trade With The Help of Ichimoku & Fibonacci , Backtesting
