UPL I'm considering UPL for long if it manage to sustain above 200 ema as well as the demand zone.
Next Immediate support is 669-650.
Note: This is not recommendation. Kindly consult with your financial advisor before taking any decision.
UPL trade ideas
Swing SetupEXPLANATION : This is a Daily time frame chart of UPL . The stock has been in a downtrend for days and has formed double top pattern . If give a strong breakdown and broke its demand zone with volumes and has retested the same. I am bearish on this stock for the coming days . If taken support from demand zone we buy at the bottom and sell at the top , I am bullish on this stock for the coming days . Enter as per your setup .
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Possible Down - Short TermShort @750-745
Target <700
SL - 775 (Day closing should be >=775)
Analysis - Taking reverse from the resistance with shooting star candle and also the candle is formed near 50 days average line.
📈 Pre-open Chart #PriceAction Analysis by #KRMG (21 Oct)👉 Stock 2- #UPL
👉 Sector - Commodities
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - UPL has started slower Downtrend from 865 Level as per the Daily TF, and also it has now showing strong strength in Downward direction from last couple of Days
It has continued good Lower High pattern as per 15- Min timeframe and also yesterday after opening it continued slower Down move and closed near days Low
For Sellers to maintain dominance, it needs to close and sustain below the #CRITICALZONE
For Buying pattern - BREAK OF 15 MIN structure is mandatory (Watch for volume spikes )
🎯 Coming to sectoral pattern - #NiftyCommodities after good uptrend now its is sustaining and accumulating at its ALL TIME HIGH Level
#KRMGPriceAction
#LearnWithKRMG
UPLin this graph you can easily earn money by following this. this is good for inter day and swing trade. you can follow my chart and easrn money everything in this
target and all given
UPL UPL on Daily timeframe
UPL showing a trend reversal, the stock was on downtrend since july but started showing a trend reversel. The stock might give a breakout, add the stock to your watchlist so you don't miss out.
UPL ||||A breakout Trade in UPL ...
Buy around 740 - 755 for the targets of Rs . 786 and 840 ...
Stoploss- 720 ...
Hold atleast 2 Months...
# UPL
Keep an eye on UPLThe stock has given a breakout from falling wedge and now inviting more buyers.
Keep tracking!
Keep learning! Keep growing!
UPL Price action looks bullishUPL looks bullish after retesting the previous support.
Targets are given in the chart
UPL wave count and rasistance into support conversion UPL seems like moving up in an impulsive manner.Notice how previous price action zone has acted as rasistance and once breached has given support to prices for future up move there by confirming continuation of ongoing up trend.
Notice how recently price has reversed from previous price action zone and has breached down sloping trendline indicating end of wave 4,Going ahead if prices manages to close above 762 then we can take long trade with a stop of recent low 700 as stop-loss and 852 as first target(in case of truncation) although wave 5 target is 984 when calculated by taking wave 1 length from wave 4 lows consifdering wave 1 and wave 5 of equal length when wave 3 is extended.
As intial Risk reward is only 1:1.5 hence trade size should not be more then 5% of the free capital,if prices sustains above 852 then position can be added with tgt of 984.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
UPL "short term" view.trendline breakout with unusual volume can be seen in UPL in 4H timeframe chart. if 4H candle manages to close above trendline, a good upside movement is expected till 759/60 level, which will acts as a resistance level/supply zone. keep the stop loss of low of breakout candle. this is short term (1 week) view of UPL .
ENTRY: CMP
TARGET: 759
STOPLOSS: 715/717
TARGET TIMEFRAME : 1 WEEK
THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR PARTICULAR STOCK/SECURITY.
CONTRARIAN trade setup.#Here on the daily chart of UPL, the trend is down since the month of june and now the trend is showing some signs of reversals. A divergence can be shown between Price and RSI, price is making lower lows but RSI is continously making higher lows.
#When we put a bollinger band over the price chart, we can see a "W" bottom pattern has formed on the same lows. 1st low broke the lower bollinger band shows momentum on down side then the price bounces back and forms another low but this time fails to break the lower band and stays inside which shows loss of momentum towards down side.
#When we see the RSI indicator, the value is about to cross 60, if it closes above it we can see an uptrend from here.
#On Balance Volume has also broken the trend line which shows that buyers are showing interest.
*For a safe entry wait for the price to give a breakout above (768) the resistance or above upper bollinger band.
*Stop Loss can be the previous low i.e. 694 or the lower bollinger band.
*First target = 865
UPL on Weekly timeframeHere, we can see the resistance is acting as strong support now.
Volume is generating for this week.
Probability of strong upward move is high than downwards.
This post is for education purpose only.
Upl Can buy UPL 760CE looks perfect for a 2 days trade buy tomorrow hold for 1-2 days can give good results
Will definately go up
ELLIOTT WAVE ANALYSIS 25.08.2021Reason For Buying This Script :
In this script it forming Elliott wave in monthly time frame.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
