819-699
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
NSE:UPL
Observations:
1) On 1day time frame,it closed just above 100DMA.
It is trading above 50DMA which will work as major support now.
Once it start trading above 100DMA then it will be bullish.
100DMA is placed at 745.08
50DMA is placed at 730.49
Please refer below chart : 1day Time Frame.
2) ALso on 1 day time frame, it is still trading in long...
![UPL: Simple Trade Setup | UPL | 15-12-2021 [ INTRADAY ]](https://s3.tradingview.com/2/2EgRcvwo_mid.png "Simple Trade Setup | UPL | 15-12-2021 [ INTRADAY ]")
