Uplltd
Double bottom formation in UPLUPL is forming a double bottom pattern. If it breaks the resistance and confirm the breakout with volume spike, it may go higher. UPL is in a downtrend so limit your position size.
Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets.
UPL BULLISHUPL Looking like bullish
It is in major suppot & Demand zone
Mostly it can be reveres in this zone
First Target@617
Second Target@710
Stop loss@525
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
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 .
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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.
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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 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 price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
UPL - Potential Breakout on upsideChart 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.
UPL Buying opportunityHead 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 recommendation. Please invest accordingly at your own risk.
Simple Trade Setup | UPL | 15-12-2021 [ INTRADAY ]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 term parallel channel.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 15-12-2021
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 price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
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 me know in comments below :)
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 they are for Swing and Intraday Trades<<
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 price action works neat these levels.
For Example, let't say it open gap down tomorrow 807. Then let it go down and take support from the trendline. And if it breaks the 812 then that level will be the entry point for the buy trade and next target will be 816. But if it faces the resistance from 812 and goes down then wait for it to break down the trendline.
Example 2, let's say it open gap up tomorrow in range of 814 the let it go down to take support from 812 and if it takes the support then it will be a buy trade. Target will be 816 and so on as per mentioned on chart. But if it faces resistance from 816 then it will be the sell trade below 816 and target will be 812 and till the trendline. And once it breaks the trendline then below targets will be activated.
But it is advisable to take safe trade as per mentioned level.
Buy trade above 816 and sell trade below 801. Let it get move in between 801 and 816.
Do comment if my ideas are helping you to understand trend, levels and price action.
Let me know if you have any doubt or suggestion.
UPL Correction Starts - Trading @ PRZBook profits in upl. Higher chances to correct from here. Do not initiate long here. You can be trapped.
See, charts for more information. According to Elliot Waves also . its time for ABC correction.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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Also check the below related ideas for other stocks.
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.