UPL swing Trade.UPL is looking good for positional basis. Metal index has also given breakout on daily basis .
UPL trade ideas
Wolfe Wave formation in UPLWolfe Wave is formated in daily timeframe of UPL Ltd. MACD bullish crossover below zero axis & increasing RSI indicates a good opportunity.
UPL Ltd. UPL Ltd. Looks good to go long from here!!
Demand zone✔️
Support from 200 EMA✔️
Bullish divergence ✔️
Target -855
#ELLIOT_WAVEWe are at wave 4 of the Elliot wave and can enter wave 5 any time soon
Since we are not correcting below 38% of wave 3, it depicts that price-wise correction is probably over and it is completing its time-wise correction.
Disclaimer: Educational View
UPL Ready for 800-840 UPL forming flag & pole pattern on weekly time frame. above 750 it'll give flag breakout. One can go long above 750, with SL below 715 for target of 800-840
how to do price anaysis for intraday trading hello traders i am ranjit pradhan sub broker and technical annalist how to analysis the price action in intraday trading
Long UPLUPL chart is looking good for short term trades
1) breakout from descending trendline means trend has changed
2) above 200 EMA
3) ROC looks good
the picture depicts everything!As the picture depicts a good descending triangle pattern . look for it
LongLong at Cmp for the tgts mentioned by dotted lines time frame 2 to 2 half months.. Regards feel free to comment and if you need any clarification and consultation on any other stocks or financial instruments.
UPL Falling ChannelUPL has been trading in falling channel and is currently near the upper band of channel, price rejection is visible at these levels. The price action behaviour of this channel indicates that we can see some fall in UPL and price could go to 700 & 680. View neglected if price breaks the upper band and sustains. Stoploss for this setup is 768 or conservative traders can use channel break as an exit trigger. As shorting a stock on carry forward basis is not possbile and not everyone has adequate margin future trading so here is some strategy that we can use in options :-
Bear Call Spread - use strike price of 800 or above
Bear Put Spread
make or break levelupl trades between channel that shown in graph
last two candles it moves higher with good volume it takes support at 50 days moving average
stoploss 728
upl will be upper sideimportant level.......................................................................
UPLshare name : UPL
call type : poistional
- high of 760 is acting as a huge res for this share
- double bottom and rang formation pattern can be seen
- ab=cd forming
if price comes 765 , we can initate a buying at price with sl of sl 745
approchable target 962
thanks
UPL LTD _BUY BUY BUYReasons for building positions in UPL Ltd
1. UPL Ltd has consolidated for more than 5 months now
2. Support from important 200 days EMA
3. RSI in oversold position
4. Positive Divergence on RSI indicator
5. Risk to Reward is very lucrative
#UPL Cash : Good for investment at 675-695 SL 650#UPL cash - Posiitonal call
25 Oct 2021
Stock is trading at long term lower channel on daily charts
Good for investment from current
level of 675-700 For target 760/840/900
cmp 695
Triangle patternNSE:UPL
The formation of the triangle pattern is visible.
Will this breakdown. We have to wait and watch in the coming few days.
Question on UPLQuestion on UPL
For Short term, Its near a critical support zone of 700-694
Staying below this further weakness may come.
Resistance 715/736/759
Cautious below 694
UPL Breakout possibilityUPL is trading in a descending triangle formation with a positive RSI divergence.
possibility of a breakout is high as the index is also at major support zones, if it holds it then we can see some positivity in stocks.
