UPL - Weekly AnalysisIn the Weekly Chart of UPL ,
we can see that; it is at Decision making point.
Possible momentums are shown in Chart.
UPL trade ideas
UPL , fourth wave formed a DIAMOND patternUPL , fourth wave formed a DIAMOND pattern
we can see big movements if it close above 785
stop loss 740
tgt 1000
UPLTime has come for UPL to show some fire works
75 min 20-50 cross over
Volumes are increasing
Taking support from Channel trend lines as well from Time Cycle
Long Build up positions observed.
Long opportunity in UPL LTD UPL ltd is trading at buying zone. we could consider this stock for swing trading with mentioned levels
UPL at SupportUPL at Support.
fundamentally good stock, one can buy for swing/ positional.
this analysisis only for educational purposes.
UPL Bearish way ahead ??!!!!Chart patterns convincing me to publish this above titled opinion
REASONS
1. UPL has been trading inside an Expanding Triangle pattern(10 year- from 2013) taking support and resistance at perfect levels till now.
2. Currently it is under the down swing move inside the pattern
3. Pink trendline from 2020 acting as support, Bears trying to get break that trendline ( June 2022 (1st time), Oct 2022(2nd try), now Dec 2022(3rd try)).
4. During the june 2022 and oct 2022, weekly candle broke that line(with wicks), but low didn't get tested and bulls took charge.
5. But, now the Breakdown candle(19 dec weekly candle) is more alike BEARISH MARUBOZU candle with LOW TESTED!!!!
6. This may be a sign of Bearish way ahead!!
7. In the Daily time frame, its been travelling in a channel pattern and respecting it too and currently an inverted cup & handle like pattern too formed in verge of a Breakdown!!(shown below)
8. It is better to not to Go long even if you don't short now!!!
9 . Strong day close above the 775 will pave way for weakness in Bears approach!!
If the stock goes as per levels shown, fib 0.382 , 0.5 can be the Target levels ahead!!
In the short term, we can have SL - day close above 738 and Target as 680
Let's wait and watch, how it is going to move!!!
Note - Just Sharing my view....not a tip nor advice!!!!
[Positional] UPL Mean Reversion Swing BetNote -
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 at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy 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. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Symmetric Triangle formed in UPLSymmetric Triangle formed in UPL result on 08th May 23.
FACT worst result. I believe it could happen
Only Education purpose.
UPLIt is near a good support trend line. Keep an eye on this trend.
Ps: Do your own research
Drop in your doubts in the comment section
Please boost the post if you find it helpful
Thank you
UPLLTD triangle breakout#UPLltd 'hourly' Elliott wave counts
forming a good impulsive pattern (1), (2) after completing the triangle ABCDE.
Nearly 20% move can be expected to upside with a Sl of 687.60
Risk Reward ratio of 1:4 from here.
4H UPL - Short Position1. Bearish Engulfing Pattern formed at Support and Resistance Area which is price action pattern.
2. Fibonacci Retracement 61.80% level meets the pattern.
3. Trendline is far awy from the price.
4. Take Profit area is correctly calculated at 728.00
5. The current price will definitely reach that Take profit area clearly on my idea.
Congrats...
UPL DIAMOND LIKE FORMATION UPL IS AN AGROCHEMICAL COMPANY
the stock is in consolidation on monthly charts
the two scenarios emerge from here on either side breakout, 240-250 moves can occur.
on higher side can cross 990
while on lower side can test near 540 levels
#UPL Cash : Looks good above 722 #UPL Cash -Positional call
26.04.2023
Looks good above 722 SL 705
Tgt 740/760/780
Cmp 715.35
UPLUPL on the verge of breaking past descending triangle above 743, loaded with good volumes on 30 min TF.
Could be bought here or above 743 with mentioned stoploss & target.
BREAKOUT AFTER CONSOLIDATION IN UPLUPL breakout after consolidtion since 28th Feb
Formed 3 white solders on daily TF
Pole and flag in 1 Hr TF
Coming for breakout retest zone... can be considered as buy on dip till 715
SL can be 705
UPL intraday trading guidance.As upl is trading in bullish zone and it have made a channel pattern with consolidation, we can buy it above the channel breakout.
UPL buy above 739
target -744, 750
SL -736
UPL- Eliot Wave Analysis and PredectionNew Trend Started from March 2020 like other Stocks in form of Impulse.
We have completed 3rd Wave and we are on ending time of 4th Wave which can complete anytime soon.
In 5th Wave ride, we can take a target of 1000-1100 in new ride.
UPL Looking Good for 735-740Trendline Breakout after a congetion. Can lead to an upmove covering up the price imbalance.
buy UPLit has given diamond pattern breakout. it may rise till 780. view negated below 695 closing basis
intraday
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
UPL Swing TradeUPL has formed Double Bottom Pattern. Which is a bullish pattern and it may form W pattern. So we can take swing trade here.
Entry:
We can go long when price gives breakout above the resistance zone with strong bullish candle.
Target:
We can keep target near the next resistance which will be also the neckline of W pattern as marked on chart.
Stoploss:
We can keep stoploss below the resistance zone.
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