UPL go shortIf it breaks down level 602.55
Entry price : 602.45
Stop loss : 639.05
Target : 530.50 ( 12%)
Uplshort
UPL trading Range819-699
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
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.
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 .
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 no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
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 BUY Upl me hmm sb lo ek achh sa ( descending triangle pattern ) type se bana hu hai lekin ye ek bearish hai ok
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: corrective sequenceAfter an ending diagonal with clear five wave structure the stock prices has fallen swiftly down to the level of 582. This can be termed as wave a for a larger flat correction. Sell near the level of 640 for downside target of 600/540
▼ ▼ ▼ ⚡ 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 Loss : 627.65
This Targets are based on my Risk Appetite . Put Stop Loss and Take Profit targets according to your own Risk Appetite if possible.
Happy Trading. :-)
Note :
Trading foreign exchange and stocks on margin carry a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange or stocks you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your initial investment. You should be aware of all risks associated with stock and foreign exchange trading and seek advice from an independent financial divisor if you have any doubts. I am not a licensed financial advisor and this content is not financial advice.
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.
UPL in triangle pattern breakout.Aggressive traders can take an entry here considering all the checklist factors. I am long here personally! Risky trade be carefull.
📊 UPL short only if you find reversal 🎯NSE:UPL
whoever holding since u published from very lower level they just need to trail their stop loss for long term and if find reversal one can execute fresh intraday short.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
upl short viewBearish view
as we can see on 15min. time frame triangle pattern breakdown below 462 with sl of 465.50 for the tgt of 457-455.
UPL : A ZIGZAG Correction Trading plan:
Sell on rise near the level of 468-470 keeping the stop loss above 495 for the target of 415/380/350
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 no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
More weakness for UPL below 438. UPL seems to be in a short term down trend and could see further weakness below 438. Sell below 438.
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 .
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 no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
