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UPL

UPL: A Bullish TrendTechnical Analysis of: NSE:UPL The Elliott waves Cycle Oscillator is indicating a detection of an impulsive (ascend) wave. The Elliot wave is showing an IMPULSIVE movement, showing an UPTREND . From 660.00. The waves 1, 2, 3 and 4 is completed at 660.00, 588.45, 839.30 and 784.55 respectively. From the point 660.00 wave 5 is starting and projection range for wave 5 is in between 844.07-864.70 Seeing a Bullish trend further ahead, the RECOMMENDATION is to BUY . Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
NSE:UPL
by finogent
#ASTERDM CMP156.50 #target 173(11%) #TECHM #WIPRO #LTTS #LTI #LT#ASTERDM NSE: ASTERDM Short Term Earnings CMP 156.50 Target : 173.15 SL : 148 Timeframe < 45 Days Can hold for longer time Factors: Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:ASTERDMLong
by Rachit_Sethia
5
[TECHNO FUNDA PICK]DHANUKA AGRITECH LTDGood Structure observed in Dhanuka volumes picking up in uptrend and dry up in consolidation For momentum players Above 956 add till 810(Fibonacci retracement level) Weak below 610 Target 1250-1300-1400 For Long Term investing Buy at CMP Add on dip and weak if close below 200 SMA Very good Fundamentals ::-- Market Cap-- ₹ 4,218 Cr. Stock P/E-- 20.0 ROCE-- 37.8 % ROE-- 28.0 % Company is almost debt free. Mcap FF (Cr.)-- 1,054.24 Please maintain SL closing basis as this is small cap stock Risk 1-3% of your capital(so plan position sizing base on this) My trading view ideas past accuracy around 71%(Please maintain your SL)
NSE:DHANUKALong
by nikhilgodhani
2
Trade's Journey 1 |UPL| EquityThis is the beginning of a blog or rather a series of blogs which will track the trading journey from selecting trade to getting in, subsequent changes in position sizes (in any) and finally exiting, along with the rationale behind the same. 1. Pre-Trade Price: UPL came to my notice on 10th May when priced went above the previous high, made in last month (7th April 2021). The closing price of 10th May and the high of 7th April were almost same (around 674). However, in closing basis 10th May was clearly a breakout. Previous closing high was 662 which was actually obtained a day prior i.e. 6th April 2021. In short then, on 10th of May we got a new 52 W high both on day's high as well as closing basis. Perhaps, a slight lingering issue in this regard was it failed to close definitely above the previous high's zone. That is had it closed say around 685 the signs would have been more obvious. Nevertheless, it was a 52 W breakout, period. Also it should be noted the ATH price of 709 recorded on 1st July 2019 was within the range (around 5% higher from 674). Though truth be told, I didn't notice it at the time. Needless to say this was slightly sloppy while planning the trade. Volume: The other aspect is of course volume. The volume on 10 of May wasn't anything spectacular but it was the highest in last couple of months time. Results: The earning's date was around the corner (12 May 2021). It's always tricky with the earnings after all. However when the dust settled on 10th of May, that is when the market closed the signs were bullish. Broader Sentiment: Despite, all this the main concern of course was, and still remains, the broader market. Globally the market's had been correcting through out the week. 2. Trade Entry: On 12 May 2021, I entered at 685. The previous day i.e. on 11th the price has made fresh high with decent volume. And yet, luckily, it hadn't swelled up too much. So even in 12th May it provided good opportunity to get in. The Results were still not out though and it made sense not to be risk much. So got with 1x amount, keeping the decision of whether of scaling in or out for future. Stoploss: I kept a initial stoploss at 5% below the entry price, which comes to 650 (rounded). Target: If we check the chart we would see that 585 acted as a resistance and then as a support for several time earlier this year. Now if the previous high of 674 is taken as a new resistance point, then we have roughly 90 points transition zone or box. This comes to a 15% price movement. So the initial target could be either another 90 odd points or 15%. This comes to around 765 or slightly higher in percentage basis. So the first target can be around 760-775. Subsequent targets could be decided later. Update 1: The very next trading day the price touched the targeted zone, high of 764, and closed at 743, having gained 7.5%. And this happened in a day when nifty closed in red. The volume for the day was highest this year so far. And hence, the trade looks fine as of now. Trailing Stoploss: I am not updating the stoploss for now. Though it could be kept at price (685). I need to check the next two trading days before coming to a decision in this regard. Will keep updating about the trade, as and when something significant happens. Meaning I change position sizes, exit, or any sudden change in price/volume, etc. ----------------- This is not a trading/investing advice blog. This is my personal trading journal post and if you are reading it please see it from a purely analytical perspective. Thanks for reading.
NSE:UPL
by marketsnmusings