UPL trade ideas
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 ..
UPL - BULLISH DIVERGENCE & FALLING WEDGEForming a falling wedge pattern and bullish divergence.
can start buying now for 5,10,15+ % retuens
Short term Pick up ✌✌This scrip is expected to give short Term returns as it is on the verge of trendline breakout. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
UPL BreakoutUPL has given a fresh breakout from daily downward trendline (Yellow).
A 1:2 Risk reward trade can be taken at current level ie 752 for a target of 818 and Stoploss 720
UPL 'Udega Trade' || RR is 1.9UPL can break the falling wedge pattern and make an up move soon, keep on the watchlist. Do follow for new ideas !
Potential Long Opportunity in UPLUPL is coming out from falling wedge. Clear divergence is seen in RSI (DAILY).
Trend reversal is evident. Sustaining above 720 is a potential opportunity to go long for TARGET1 =790 & TARGET 2 = 850 WITH STOP LOSS AT 700
Potential Long opportunity in UPlUPL is coming out from falling wedge. Clear divergence is seen in RSI (DAILY).
Trend reversal is evident. Sustaining above 720 is a potential opportunity to go long for TARGET1 =790 & TARGET 2 = 850 WITH STOP LOSS AT 700.
Potential Long Opportunity in UPLUPL is coming out from falling wedge. Clear divergence is seen in RSI (Daily).
Trend Reversal is evident. Sustaining above 720 is a potential opportunity to go long for TARGET1 =790 & TARGET 2 = 850 with STOP LOSS at 700.
'UPL' SWING TRADEBuy/Sell only on given levels. The above chart is only for educational purpose. Make sure you don't trade blindly, reanalyze and trade.
UPL Swing Trade Idea#UPL - Swing buy at 752 for target of 792 with SL below 743. Risk : Reward = 1:4.4 #Swing #Positional
Falling Wedge Pattern Breakout in UPL On daily timeframe falling wedge pattern in UPL. Once this stock gives breakout of it's resistance level then expected this stock will move towards the 790 to 850+ target in short term time frame. Good to go long in this stock above 740 with close stop loss at 700 for target of 790 to 850+.
UPL ** Posting my opinion - Any difference of opinion is welcome **
Purely based on price action.
Target 1 --> 805
Target 2 --> 845
