UPL : Strong Resistance near ~820 levels Hi Everyone,
This analysis for UPL is in continuation of previous analysis done for the same. I request all stock market students to please go through my previous analysis on UPL and others .
Traders will book profit at all time high levels ( short to mid term target : ~820 ) so stock may remain stuck for 1-4 months before start marching towards its final target : 1100
Note : My analysis is only for education purpose . No Buy/Sell recommendation given to anyone
Uplbreakout
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
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.
-------------------------------------
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 pric
Will UPL cross the benchmark of 1000?
UPL is forming impulsive wave 5.
Price was having complex correction of the wave 4.
Wave 4 retraced 0.382% of wave 3, and the price increased sharply.
The price target for UPL is 964 because wave ((5)) ends at 161.8 % of wave ((4)).
The buyers can initiate the long position on a pullback.
If you are not a swing trader, you find sub-waves on smaller timeframes.
Or be connected with me to get regular updates.
Swing SetupEXPLANATION : This is a Daily time frame chart of UPL . The stock has been in a downtrend for days and has formed double top pattern . If give a strong breakdown and broke its demand zone with volumes and has retested the same. I am bearish on this stock for the coming days . If taken support from demand zone we buy at the bottom and sell at the top , I am bullish on this stock for the coming days . Enter as per your setup .
If you like the analysis give a Like // Follow for more updates , let
UPL Upper Flag Breakout or Breakdown ?*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. There have been no promises, guarantees or warranties suggesting that any trading/investing based on any information, will result in a profit or will not result in a loss.
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate
UPL | Trade Setup 28-07-2021NSE:UPL
Trade Setup for 28-07-2021
1) For the buy trade
Go Long above 816. Targets are marked on the chart.
2) For the sell trade
Be cautious. Once it break the trendline let it trade below it. For safe sell/short side trade better to short below 801. And targets are marked on the chart.
Considering current volatility, I have given small targets. better to keep on booking your profit.
All these levels will work as entry point as well as support and resistance on particular day as the
▼ ▼ ▼ ⚡ UPL ⚡ ▼ ▼ ▼Previously on UPL we noticed static Downtrend from the level of 673 and that Downtrend continued for a bit long.
Currently we are expecting the same Downtrend will continue for next 2-3 days as par our Technical and Statistical Analysis.
Enter into the market after the clear trend defined into 5 Min Time frame and wait until formation of 2 Continues Red Candles in the downside.
Entry,Target and Stop Loss :
Entry : Anywhere below 611
Targets : 589, 587, 586.5
Stop Lo
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.
-------
Adding the old chart posted on 13th Feb , please check :
-------
Holding two lots overall and expecting a RR > 2.
Don't forget to hit like and comment your thoughts.
UPL Long I hope you can now see how UPL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is
UPL SHORTI hope you can now see how Upl represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is
UPL reached the resistance - ChannelPrice reached the resistance levels from the support with super bullish movement. 3rd time in a row price reached this levels and this time as it looks strong it is expected to break this levels and probably the channel itself.
As I insist in these kind of trades the best time of entry is not the breakout it is the support levels.






















