The 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...
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...
Buy Some at 730-740
Add More at Dip Levels - 720 -700
Short term Target1 : 792
Short term Target2 : 847
Mid term Target3 : 870
Long Term : 910
Note: This is for educational purpose only
Buy in Small qty at support
UPL Ltd , Seems Clear Breakout of Red Resistance Trendline , Jumped From Green Support Trendline . RSI Getting Stronger But Neutral MACD. Showing Strong on Hourly Chart . Keep Watch For Long Trade . NSE:UPL
#NSE:UPL trading bullish and reached resistance level, all possible levels marked on chart !
When u message me, be clear on what u want and explain in details with charts.
Then the communication time will be more faster than unwanted wastage.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
As per our setup it is time to trail stop loss so as to maximize the profit and limiting the stop loss.
Reason for this trade setup is simple
1) Consolidation breakout at trend line
2) Trend line breakout
3) over all bullish trend
UPL, This stock has completed wave 4 and is possibly unfolding wave 5, hear is an example of good classic breakout and double confirmation would be done on closing above 795, One can go long at current levels or in dips (if any) with mentioned key levels on chart.
breakout with good volume
macd in weekly uptick
macd in daily positive and...
Consolidation at a short term down trend line in an rising market or say trending market it is very crucial to observe the breakout.
A potential entries are those entries which has very low sl compare to the swing.
Head and Shoulder formation is taking place.
MACD is showing bullish cross over indication positive momentum on weekly chart.
Chart setup is good to long UPL for high targets.
UPL is currently operating in channel and once it breaks out of the channel, we can see very good movements coming.
Disclaimer: This is an educational chart analysis and not any kind of...
Looks like an interesting stock for reasons stated below:
1. The stock was striking a resistance today, could have seen a breakout but lost the momentum dearly today as the opening was flat and then we get a bearish marubozu.The stock didn't get enough volumes to breakout from its range.
2. The buying momentum in the current rally has been good due to the steep...
On the 1 Hour Chart of UPL LTD., we can witness a beautiful Formation of "Bullish Engulfing" on the downside levels. Therefore, we are expecting a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 741.10, 747.80, and 755.10. Whereas, on the other hand, on the...
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 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...
The chart is self Explanatory, So i am not going to explain anything more.
And this is an Investment Idea not Trading idea. Those who wants to invest Have patience and add on dips.And for trading purpose 790 is a good level to book profit.
Chart & Analysis By - ADARSH DEY