UPL trade ideas
Falling Wedge Pattern Breakout in UPL On daily timeframe falling wedge pattern in UPL. Once this stock gives breakout of it's resistance level then expected this stock will move towards the 790 to 850+ target in short term time frame. Good to go long in this stock above 740 with close stop loss at 700 for target of 790 to 850+.
UPL ** Posting my opinion - Any difference of opinion is welcome **
Purely based on price action.
Target 1 --> 805
Target 2 --> 845
UPL to enter Wave 5UPL wave 4 is about to end.
Observations: RSI convergence, ABC pattern in wave 4, Wedge pattern
UPL Trade Setup For Monday (11th October)UPL share had following the trendline from last so many days, on Friday the stock break the trendline.
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736 is a strong resistance multiple times stock touch this level and then reverse. Now the stock is trying to break again.
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On Monday if Stock goes above 740, you can buy this trade.
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Safe Trader can take once it goes above 745 for the short term target of 760.
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What's your view on this comment below in the box.
UPL looks bullishUPL look good if price touches 740.
Cup & holder pattern in 15mins.
Let it be good bullish candle close above 740.
Buy @ 740-750.
Target 1 - 770
Target 2 - 800
Target 3 - 850
uplupl on breakout point,,,you can consider whatever you want and can take trade according to this......
remembver risk is your own
thank u
Time to take entry in UPLAfter a long wait we have seen this guy retesting the same level where it has face resistance previously.
Beautiful CUP pattern has been formed here and after breakout it has retraced perfectly, now its time to take entry and sit tightly to explore good long rally.
Thanks.
UPL - Time to BreakoutKey Highlights:
1. Interacting with the trendline
2. Bullish MS on the lower time frame
3. Rebound from 200 MA cluster
4. Volume expansion
5. Already reversed on lower time frames
6. Bullish divergence
7. Falling wedge pattern
8. Rebound from the demand zone
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Rajat Kumar Singh
(@johntradingwick)
-NSE Certified Technical Analyst
-NSE Certified Fundamental Analyst
-NSE Certified in Investment Analysis and Portfolio Management
Previous All Time High Retested & bounce1. Previous All Time High Retested & bounce
2. 50 EMA act as Support in weekly Chart
3. Falling Wedge Pattern
4. Volume Increased
5. Buy Above 760 on End of day closing is Good
Caution : 50 EMA Act as Resistance in Daily Chart
UPL: ENDING DIAGONALStock has formed an ending diagonal pattern. One should go long on cmp i.e. 740-42 keeping a stop loss of 720 & look for the target of 770-75 zone !
UPL on a breakout of falling wedgeUPL has been falling from a round level of 865 currently at 732, thus formed a falling wedge pattern and took a support from exactly the place where breakout happen, if the falling wedge pattern is broke on upward side a rally can be seen on UPL with a target between 770-790
Do like if seems worth!!!!
Thanks
KANO
NSE:UPL
VIEW ON UPL Levels are marked in the charts,
as per the trend analysis, this is the level that looks cheaper, it is the level where we can take positions
risk is very minimal at this level
UPLWith increased volume ... ... .. .. .. . .. ... ..... ................. .............. .............. ........
#UPL long opportunity#UPL long opportunity
Target -745,761,788
SL-693
CMP:714 @5 October 2021
Sharing only for learning
UPL RSI divergenceUPL likely to reverse from here or at least accumulate for sometime before mark up
UPL: Buy on dipsAdd UPL in parts... Buy only 10 stocks now at 700... Next buy 10 at 673 ... Wait for the rise and then add 20 at 714 or above. Position sizing can be changed as per your capital. Likely to test 200 EMA and rise. Target 864
SL 630. Can be changed on closing basis
UPL-Parallel Trendline-Towards Elliott Wave V Buy on DIPBuy on DIP
DIP 1 : 720
DIP 2 :700
Targets:
Target 1: 800
Target 2: 860
Long term: 950, 1050
Note: This is for educational Purpose only.
UPL on support of 700. Go Long!!UPL has been in a bearish channel for quiet a while now and now the stock is at support of 700 with some bullish price action on smaller time frame.
So going long from here would require a very small SL with good R:R.
Entry CMP
SL - 695-696
Target - 770
R:R - 1:4
