UplAfter breakout chance to move towards 840
Frm June it has good move and now it made a pattern
Buying price at 745
UPL trade ideas
Falling wedge pattern UPL.Discription:
Stock Name: UPL
Chart Pattern: Falling wedge pattern
Time Frame: 1 Hour
Breakout entry : above 750+
Target : 810+
Stoploss 732-
UPL - 8% potential moveUPL has formed triangle pattern and is ready to give breakout / breakdown.
It would be buy above 763.
It would be sell below 740.
UPL LTD. Buying opportunityThere is a buying opportunity in UPL Ltd. Stock is at Rs. 700 which was the resistance of may 2019 now it's become support. I can see the long side of this stock. Good if you enter after one pullback.
UPL weekly Chart Support and ResistanceUPL is multinational level company with high growth in consolidation zone.
UPL respects its uptrend !UPL Has formed a beautiful double bottom pattern with its first support off the 200 EMA and second off the long term trendline.
UPL has given a double confluence
1. Rejection candle and respect of the long
term trendline
2. Golden Cross( Crossing of 50EMA and 200EMA)
A long position can be taken on break
of the resistance zone
Risk To Reward of 1:2 or a more riskier approach would be if trendline is broken.
Keep It Simple
Focus on UPLUPL was traded in a ascending channel and broke out of channel support and printed doji & bearish candle last week..
It seems to be like formation of right shoulder in H&S pattern (shown in chart)
Carried over 65% delivery on Fridays session.
1. Go short , If opens gap down and breaks the neckline of H&S pattern for a target of 720-710 zones
2. On a contrary, by any chance if it opens & traded above (only above) friday high, then go long..
Focus on UPLAs you can notice, last few trading sessions, chemical stocks are performing well compared to other sectors, especially Tatachem & UPL
UPL
Go Long above 790 and targets will be the previous high resistance zone.
If breaks and sustains above the resistance zones, then can have a decent targets in UPL
Expecting Breakout ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
CUP WITH HANDLECup is completed know its moving towards to complete the pattern pre breakout can take entry
uplupl looks good and make double botttum pattern and support on 100 SMA only for educational purpose only
#Upl cash : Resistance at 735/755 zone#Upl cash
24.07.2022
Resistance 1 735
Resistance 2 760
Cmp 725
Getting Ready to move upMay be getting Ready to move up to touch the channel top if index support. May touch 713 - 715. Keep Stop loss at 640.
[POSITIONAL] UPL LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
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 “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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BUY UPLMissed the previous breakout.
but still good time to buy.
strict stop loss should be maintained.
UPL LTD - Ascending Triangle PatternUPL LTD seems Ascending Triangle Pattern in 15mins. if price sustain above 693, It will reach upcoming mentioned targets. keep watch for breakout confirmation.
UPL - Cup n Handle breakout, target 710UPL has given Cup n Handle breakout and can go higher towards targets of 680, 700, 710
UPL - 30th June 2022Stock approaching Medium Term Support Levels.
Value buying can happen in this Zone.
Bulls will try to take contol here and push prices above this zone.
GO LONG ON UPLNSE:UPL
IT IS SWING TRADE if takes a pullback from the price 630
The stock is at great support zone from which it can move upside
1 target is 715 and 2 target is at 770
This is for educational purpose
