UPL
Falling Wedge Pattern Breakout in UPL On daily timeframe falling wedge pattern in UPL. Once this stock gives breakout of it's resistance level then expected this stock will move towards the 790 to 850+ target in short term time frame. Good to go long in this stock above 740 with close stop loss at 700 for target of 790 to 850+.
UPL Trade Setup For Monday (11th October)UPL share had following the trendline from last so many days, on Friday the stock break the trendline.
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736 is a strong resistance multiple times stock touch this level and then reverse. Now the stock is trying to break again.
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On Monday if Stock goes above 740, you can buy this trade.
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Safe Trader can take once it goes above 745 for the short term target of 760.
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What's your view on this comment below in the box.
UPL - Time to BreakoutKey Highlights:
1. Interacting with the trendline
2. Bullish MS on the lower time frame
3. Rebound from 200 MA cluster
4. Volume expansion
5. Already reversed on lower time frames
6. Bullish divergence
7. Falling wedge pattern
8. Rebound from the demand zone
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Rajat Kumar Singh
(@johntradingwick)
-NSE Certified Technical Analyst
-NSE Certified Fundamental Analyst
-NSE Certified in Investment Analysis and Portfolio Management
UPL on a breakout of falling wedgeUPL has been falling from a round level of 865 currently at 732, thus formed a falling wedge pattern and took a support from exactly the place where breakout happen, if the falling wedge pattern is broke on upward side a rally can be seen on UPL with a target between 770-790
Do like if seems worth!!!!
Thanks
KANO
NSE:UPL
UPL setupUPL is a highly bullish stock which recently has roken out its all time high
Now it is consolidating and is testing its previous high which is a strong demand zone now
With important fib numbers and harmonic patterns can give signs od trend reversal
Buy at 700-715
Stop loss below 680
Targets 775-850 above sky is open
NSE:UPL
( Swing ) ---UPL----- Cup & handle Pattern 22 hours ago
Good Morning Traders
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BUY @ 727
Target @ 737 & 747
SL @ 718
Great risk to reward ratio
cup & handle Pattern spotted , trendline BO , volume is good etc
check our Recent analysis from related idea
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( Intraday )---- UPL---- profit 25k in futures Good Morning Traders
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———TRADE SUMMARY———
Date:- 21.sep.21
Profit :- 25,000 (1Lot) or 2.76 % in cash
Capital Invested :- 2.3 LAKH
ROI :- 11%
R:R:- 1:3
FOLLOW , LIKE , COMMENT & SUPPORT