UPL
[positional] Ultracemco Long.....[other up trending stocks]UP trending stock under consolidation
buy above 6960
target of 7523-7920
SL below 6000
good volume in uptrend
and currently under consolidation phase with decreasing volumes
Other stocks are
1.sail
2.tatasteel
3.tataconsumer
4.tatachem
5.upl
6.Dr. Lalpathlab
UPL - good bullish view above 660 levelUPL has given cup and handle breakout on weekly charts in recent past.
Price has shown consolidation above breakout level in past few weeks and confirming breakout is bull sash pattern
In the recent past there has been a resistance breakout around price level of 640.
Major up move can be possible above 658 - 660 zone.
Targets of 700+, and good possibility of it breaking 52 week high in coming days.
Stop loss level of 637.
If Breaks 635 level then go for buy. This Trade idea is for 31.03.2021
If Breaks 635 level then go for buy.
If Breaks 626 level then go for sell
Entry points marked in yellow
NOTE: For perfect entry watch it on 5 Min candle, If trade goes bullish we can see new 52 Week's High.
For Safe Trade:
Book Profits after 1st target hit or book 50% and trail SL and wait for 2nd target to hit Or Close the position.
UPLNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
UPL to move up to 680-690 in the coming daysUPL prices above several weekly resistances. The next major resistance is at 680-690. It will move towards that in the coming days.
The previous weekly resistance is marked in the red line. The other support and resistances are marked using price range tool.
Target 1 (17%) achieved. Target 2 is ON...This is follow-up on UPL. Can check link to related ideas.
Target 1 achieved. More than 17%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Adding one more lot of UPL at CMPI have already posted this tarde back on 13th Feb when the share was stuck in a triangle pattern and was in a bullish move. I have added one lot then and now it is making HH's and HL's which means uptrend is confirmed . So adding one more lot and reducing the risk as well.
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Adding the old chart posted on 13th Feb , please check :
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Holding two lots overall and expecting a RR > 2.
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