UPL- ANALYSIS- 28-08-2024if UPL crosses 60 RSI. We have a 3 frame target of 746 in 2 quarters. PE is negative so caution suggested. Pure technical call. Please look for fundamentals.
UPLX2024 trade ideas
UPL FUTUPL FUT broke above previous swing high on hourly charts with decrease in OI (short covering).
Could be bought with mentioned stoploss & target.
UPL Fut form rising wedge Bearish chart indicate some correction in UPL . TGT is shows in chart . after breaking a chart pattern sl plot on swign high.
#UPL possible to buy#UPL trading 613.55 formed bullish pattern,
Today trading our retracement level,
we can buy above 622 and tgt 643
SL: LIVE
#UPL possible to buy#UPL trading 809 formed bullish pattern,
Today trading our retracement level,
we can buy above 815 and tgt 824
SL: LIVE
#UPL possible to buy#UPL trading 781 formed bullish pattern,
Today trading our retracement level,
we can buy above 791 and tgt for 806
SL: LIVE
#UPL POSSIBLE TO SELL
#UPL trading 822 formed bearish pattern,
Today trading our retracement level,
we can sell below 820 and tgt for 810
SL basis on the live market.
UPL LTD. breakout in stock and retest 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.
UPL : Undisputed LONGthe 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.
UPL FuturesGiven a breakdown of important support.
Now retesting the support which may act as resistance
Keep n eye, Below 794 weakness may come
UPL Buy Above 506After 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 educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice.
UPL PositionalThe 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 strategy which i had already shared in ideas stream.
Disclaimer: Ideas for learning Only.
Learn Regularly. NOT Occasionally.
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UPL fut CMP 525 Shorting Range @ 531-535 Targets -= 525- 522-5UPL 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
