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.
UPLJ2025 trade ideas
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 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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