TREND ANALYSIS
Trade Setup
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
R:R is 1:6++
This stock is in downtrend and has taken support at 730.
Since it is against trend strict SL is necessary.
Long entry above 730 with SL at 700 for T1 745 T2 760 T2 790
one can look into this stock at cmp for a tgt of around 735/740 levels
after a up move from 600 to 750 took a dip towards 675 now getting ready for the next leg of up move
It is been observed on the daily chart that the price action firstly breaks above the triangle consolidation and now breaks and closes above a major resistance indicating a bullish move ahead.
Target: 755
Stoploss: 725
It is been observed on hourly chart that the price action breaks out from the resistance level of 705-710 and interesting close above the resistance levels indicating a bullish and positive move ahead.
Target: 730
Stoploss: 690
The price action breaking out from a consolidation and it may reach to previous resistance level of 667-662 which may now act as support.
Target: 667
Stoploss:691
UPL Ltd. engages in the business of agro chemicals. It operates through the following segments: Agro Activity and Non-Agro Activity. The Agro Activity segment includes the manufacture and marketing of conventional agrochemical products, seeds and other agricultural related products. The Non-Agro activity segment consists of the manufacture and marketing of industrial chemical and other non agricultural related products. The company was founded on May 29, 1969 and is headquartered in Mumbai, India.
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UPL
