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 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...
EXPLANATION : 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...
*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...
NSE: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...
Book 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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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...
I have already posted this tarde back on 13th Feb when the share was stuck in a triangle pattern and was in a bullish move. I have added one lot then and now it is making HH's and HL's which means uptrend is confirmed . So adding one more lot and reducing the risk as well.
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Adding the old chart posted on 13th Feb , please check :
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Holding two...
I 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...
I 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...
![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 ]")
