UPLPP trade ideas
Expecting a pullback and then a rally upExpecting a pullback and then a rally up from trendline support
intraday trading idea for buyintraday trading idea for buy
stock in a good up trend
buy above day high
UPL longUPL showed some good upside move, 1 bad news brought it down to the good buying lvls again, took support of trendline and bullish harami pattern formation can also be seen on the trendline, can go long for 490, 500 lvls with the stoploss of 417 lvl ( only on closing basis ).
This view of mine is purely based on technicals of chart beware of news,
UPL: corrective bearishSell UPL with sl of 820 for the target of 775/760. Stock as formed a lower low lower high sequence , one should look for a corrective downside move.
Consolidation overKeep an eye on UPL . consolidating well and ready to rise for its next target at 1000
Current market price also a good entry
UPL: A Bullish TrendTechnical Analysis of: NSE:UPL
The Elliott waves Cycle Oscillator is indicating a detection of an impulsive (ascend) wave. The Elliot wave is showing an IMPULSIVE movement, showing an UPTREND . From 660.00. The waves 1, 2, 3 and 4 is completed at 660.00, 588.45, 839.30 and 784.55 respectively.
From the point 660.00 wave 5 is starting and projection range for wave 5 is in between 844.07-864.70
Seeing a Bullish trend further ahead, the RECOMMENDATION is to BUY .
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
UPL - GO FOR ITUPL has completed its consolidation, has a minor resistance at 815, once it breaks it will move toward 850 in 01 week time.
[Intraday] UPL 3BB Continuation TradeNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
=======
I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
=======
UPL: Positional TradeUPL can be bought at CMP & add more at 755-760 for a target of 850-900 in 2-3 weeks max.
UPL LTD. rounding bottom pattern !1) As per analysis, chart formed rounding bottom pattern, which indicates bullish momentum.
2) 1 Year trend line break out
Possible targets as per Fibonacci are:
1) 600
2) 630
3) 700
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
