UPL LTD. Daily Timeframe.
It has been moving in channel since JUNE 2021 from which it has given breakout recently and also retested the breakout trendline.
the stock has taken good support at its downtrend trendline & SMA200 intersection. today it has crossed SMA20 & SMA44. one can go long with a positional target of 810-825. Though value investors bought @ 700-720, technical traders are entering now on breakout. With fertilizer costs shooting up thru the roof, UPL being a leader has an edge.
After so much of negative publicity, UPL finally coming out of consolidation and had a breakout Today. On this chart, UPL is looking strong and may rally for next 2-3 months. Its a Buy above 506 with SL 465 for targets 650++.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for...
The bullish engulfing pattern has been formed in the Daily chart.
After some consolidation its finally able to close above important resistance 431.
So it can be expected to go upwards.
Idea published previously.Again i am repeating.
December series target could be 464/484/502/538
Positional SL 400-410
Keep an eye on Exide Industries and Apollo Tyre .The...
UPL fut CMP 525 Shorting Range @ 531-535
Targets -= 525- 522-518-514-510+
Reason of Short - Bearish Bat + Supply Zone
SL 538 -15 min candle should close above 538 then only Exit
NSE 
