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 trade ideas
Swing & Intraday Setup in UPL LtdLook for buying opportunity at buyzone 1 and head for the upper targets in couple of days
Long for UPL a possible breakout.Consolidation on a long basis between upper and lower trend line. A breakout is possible, hidden divergence indicatior is also bullish.
The big bull intraday setup in UPL 28/12UPL Bullish Flag pattern
Buy:- 453
Sl:- 448
Target:- 464
Ratio:- 1:2
UPL Eliott Wave Analysis - UpdatedUPL is at almost perfect buying price around above 400 till CMP . Target and trend analysis is shown in the chart.
Good for positional trading until 725 (approx. 40% return)
W1, W2, W3 Denotes Levels on Weekly chart for investment purpose
D1, D2 denotes levels on Daily chart for positional trading purpose
UPL | Surgical trike UPL had dropped to 250 levels in the corona meltdown. it majorly moved within a channel. It gave 3 major entry points in long positions :
1. 250
2. 340
3. 475
It broke the Trend line at 500 giving entry for short opportunity. Shorts has to booked at 400.
Again it broke the Trend Line (TL) at 444 giving fresh long position entry.
10th Dec there was some whistleblower warning about tax siphoning by UPL management which made the stock fall 11%. Currently it is retesting support at the previous TL at 430-444.
Good to enter UPL in long if this TL holds for a target of 500
Things to watch out:
1. TL holds strong
2. No further bad news (investigations to come clean )
3. Final SL 400
4. Hedge must since whistleblower might put news suddenly and send the stock nose-diving again
UPL recoveryUPL recovering steadily from last weeks crash, recovered 50% and now hovering around the 61.8% levels!
Next stop 466.5 and then 478.9
RESISTANCE .....Short around 464.75-466 for TGTS OF 5-10-15-20 Points SL 477
JUST A VIEW BETTER SEEK PROFESSIONAL ADVICE.
#upl from the curve road to the tunnel. #Elliot wavePreviously, I shared an idea where the price structure was moving on a curve road, that curve road looked fancy to me, else it had no point on the chart. Yes, the curve road helped to determine a rough target for sure. Now, after reaching our expected targets, the scrip is moving in a parallel channel with some excess. The scrip has potential to fill the gap upside at 481 levels and also has potential to move further up towards 507 /517 levels.
How to trade?
Right now seems that wave C is not complete and we might see 415/407 levels. The confirmation and bullish setup at these levels will confirm the up move, counts will become invalid below 399 and C of ABC corrective wave will be valid., I will update at that level.
We could find selling opportunity for intraday for mentioned levels, you could trade according to your plan.
In case, if sustains above 454 then we might not witness 415/407 levels and the scrip may push towards 507/517.
If you want to see other simple price action analysis and highly accurate setups, then visit my profile and see my other charts.
Reach out to me for doubts and queries via private message.
Regards
Tha ABC waves talking about. But for now, I would like to stay away for these counts.
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
Buy UPLTrade Setup: Stock has made a base and now showing signs of upward movement with volume on daily charts
Buy Zone: 431
SL: 397 on closing basis
Target: As mentioned in Chart
Imp:
1. Trading requires more than technical analysis . e.g. Risk Management, trade management, psychology etc.
2. Always follow stop loss.
3. Once a trade is in your direction (say) 2-3%, never let it go in a loss.
4. Simply follow rules. Nothing else..
Disclaimer: This is for demonstration and educational purpose only.
Contra Call on UPLThe stock took a beating in the previous trading session. But I honestly think that's a passing wave. The company is greatly positioned fundamentally. Buy at these lower levels for long term investors.
Like and follow please.
NSE:UPL
UPL EQUITY ( for Options) levels...11/12/2020 (Weekly Candle)UPL EQUITY ( for Options) levels...11/12/2020 (Weekly Candle)
