UPLA simple Flag pattern , can buy at retracement , can go for long if 4 hour open close after retracement.
UPL trade ideas
UPL - Bullish on weekly chart
SL Below 735 on weekly closing. Price has crossed Redline, looks like Bulls are in control. All the best. Daily chart big W formation.
UPL - Potential Breakout on upsideChart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Flag/Cup and handle breakoutWe can see a beautiful chart formation happened in UPL. It creates cup and handle pattern successfully and we have seen a breakout too in the above picture.
UPL this stock name UPL
This stock move in downtrend parallel channel pattern
and this is breakout the channel so enter now
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UPL trending after breakout of the trend lineAs per our setup it is time to trail stop loss so as to maximize the profit and limiting the stop loss.
Reason for this trade setup is simple
1) Consolidation breakout at trend line
2) Trend line breakout
3) over all bullish trend
UPL Trendline Breakout BullishUPL looks good having broken out of a falling trend line. CMP is 813, Buy for a target of 850-855.
UPL - Flag & Pole Pattern breakout Please refer chart.
This a well known chart pattern. Trade with SL and correct position sizing.
BREAKOUT IN UPL Breakout in UPL
Great volume, big breakout candle, no selling pressure.
Also price has gone above 200 and 50 SMA.
Cheers, thanks :)
A Nice Channel Pattern.Lets observe what happens.Will this be a good breakout? The volumes and pattern look good. Risk management is a must.
Parallel Channel Breakout - Ready for Short RunAccumulate for targets suggested on charts
Swing & Positional Trade
UPL #TAViewImmediate resistance at 790, wait for close above it and trendline. If closed above can reach target.
UPL long opportunityNSE:UPL
Hello All!
UPL has been traveling in a channel since March 2020. It came back to its lower channel trendline, took support, and took off. It also broke the trendline 1 with good volumes. This I believe generates a good opportunity to go long!
Besides Price action, there are other factors too which strengthen my conviction:
->Support of 50 day EMA
->Support of 200 day EMA
->Support from 50 week EMA
Reward to Risk ratio also seems favorable. Risk-averse traders can wait for it to break the resistance zone before entering.
*NOT A CALL*
UPLWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
UPL giving double convictionLooks like a head and shoulder breakout
ALSO, down trendline breakout
Stay tuned
More conviction above 794 as have a small resistance
-RSI showing strength
-Chemical sector bullish
UPLUPL, This stock has completed wave 4 and is possibly unfolding wave 5, hear is an example of good classic breakout and double confirmation would be done on closing above 795, One can go long at current levels or in dips (if any) with mentioned key levels on chart.
wave structure
breakout with good volume
macd in weekly uptick
macd in daily positive and uptick
rsi in daily uptick and above 60
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Buy at 771 TGT 776 and 780 SL 762Suggestions are based on my analysis only. Please do your analysis before taking any trade.
UPL Looks a good butConsolidation at a short term down trend line in an rising market or say trending market it is very crucial to observe the breakout.
A potential entries are those entries which has very low sl compare to the swing.
