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
UPL Ltd - 20.04.2022
The stock is trading @ 818 levels
There is a RESISTANCE ZONE @ 821 levels
The prices are above EMA
RSI is 59 in weekly chart
watch out for the price action
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.
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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...
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 | 07-04-2022 [INTRADAY]](https://s3.tradingview.com/k/kkKru3JP_mid.png "Simple Trade Setup | UPL | 07-04-2022 [INTRADAY]")
![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 ]")