UPLPP trade ideas
upl intraday calls buying on green area which is strong support area
and sell on rad area which is strong sell area
UPL - 4H TF - Bearish Gartley & BatBearish Gartley pattern forming on 4H Chart of UPL. SELL 478, SL 481.1, Target(s) - 472, 469.
Bearish Bat pattern forming on 4H Chart of UPL. SELL 486, SL 495.1, Target(s) - 478, 475.
Above 495.1 -> 500-502.
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.
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
