Buy at 771 TGT 776 and 780 SL 762Suggestions are based on my analysis only. Please do your analysis before taking any trade.
UPLPP.E1 trade ideas
UPL Looks a good butConsolidation at a short term down trend line in an rising market or say trending market it is very crucial to observe the breakout.
A potential entries are those entries which has very low sl compare to the swing.
It's time to add UPL to the Radar.One fundamentally strong stock in the Nifty 50 Technically, it is at a good level. Let's see if there are any breakouts from here. UPL is now nearly 10% lower than its 52-week high. From Sep onwards, it traded in a narrow range. (760H and 676L)Look at the chart now; it is testing the 760 level; let's see if there is an opportunity to the upside. If the Nifty gives a trend reversal, it might influence the stock as well. So keep an eye on it, as well as volume. Be bullish only after crossing the red line.
* If it fails to sustain above 760, we can expect a quick drop in the lower time frame.
UPL Buying opportunityHead and Shoulder formation is taking place.
MACD is showing bullish cross over indication positive momentum on weekly chart.
Chart setup is good to long UPL for high targets.
UPL is currently operating in channel and once it breaks out of the channel, we can see very good movements coming.
Disclaimer: This is an educational chart analysis and not any kind of recommendation. Please invest accordingly at your own risk.
upl intraday chart (equity) for dec 28thbuy- at/above 759
target - 763/766
sl- 755
self explanatory chart.
UPL - FLAG FORMATIONStock has shown bullish momentum in last few sessions and has formed Bullish Flag on Weekly Time frame.
Can enter with half quantity when Daily candle closes above 78% and remaining 50% on Upper TL breach
Potential breaoutLooks like an interesting stock for reasons stated below:
1. The stock was striking a resistance today, could have seen a breakout but lost the momentum dearly today as the opening was flat and then we get a bearish marubozu.The stock didn't get enough volumes to breakout from its range.
2. The buying momentum in the current rally has been good due to the steep rise as evident from the charts. Also Also the low of last immediate rally was higher than its previous rally.
3. The stock has been trading in the range of 680-790 from August 2021. So the consolidation has been for long enough time. Also the stock tested 790 in the rally before last rally and now it is testing the resistance again with good momentum gives a hint of building internal strength.
4. Based on above points, I conclude that the stock may fall a bit in next wave but is is building strength and momentum for months now, so we may get a good breakout in next 1-2 months.
BACK TO LIFE!!Explained in the chart. Individual scrip will give a divergent performance-so don't look at NIFTY structure. Definitely, during STORMS in the INDEX(which is far from over), strong scrips like this one will pass it LIKE CAMELS in the desert. Actual path will be not so simple.HOLD with patience. DISCLAIMER:-VIEWS are personal. Take judgment only at your own assessment. N.B.: Don't forget LIKE buttom.
UPL Dated 22 dec 2021 CMP - 754 Given a double breakout. Looking good from these levels. This is purely based for educational purpose i would not be responsible for your profit and the loss you made. Do your own analysis and comment if you have any doubt.
UPL...ADD TO UR WATCHLISTUPL really gud stock...now its pass in chennal pattern.quickly its brck the chennal pattern...so add ur watchlish...
SHORT SIDE TRADE FOR ( UPL LTD.) ?please don't cope the full anlaysas trade plan for the trading.
only for larning use not a recomedetion.
but chart pattern is full bearish side viwe and low data for potion chain fot up side move.
Expecting a Bullish Move in UPLOn the 1 Hour Chart of UPL LTD., we can witness a beautiful Formation of "Bullish Engulfing" on the downside levels. Therefore, we are expecting a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 741.10, 747.80, and 755.10. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 728.15, on closing basis. Closing Price (as on 16.12.21) : 735
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
Simple Trade Setup | UPL | 15-12-2021 [ INTRADAY ]NSE:UPL
Observations:
1) On 1day time frame,it closed just above 100DMA.
It is trading above 50DMA which will work as major support now.
Once it start trading above 100DMA then it will be bullish.
100DMA is placed at 745.08
50DMA is placed at 730.49
Please refer below chart : 1day Time Frame.
2) ALso on 1 day time frame, it is still trading in long term parallel channel.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 15-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
How to Trade Morning Star Formation - UPL - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Upl short at 744-745Short upl at 744-745 level sl 750 cmp 742. Stock forming rising wedge, retracement is around fino 60% ...double confirmation to short with very small sl for 725-28 tgt
consolidation happening at breakout levelsupl is now seen to be consolidating at current price levels, lower time frame shows parallel channel formation. this further strenthens the idea.
another breakout cannot be ruled out in this trade.
time-5-6 months
UBL short term for buy.trade based.
Weekly it resist the fib 0.32.
Day tf follow the trend line support
Hr tf market break the head and shoulder pattern.
UPL Long SL 690, TGT - 820UPL is showing strength in weak market and chemical sector is rebounding, also MACD @2h is bullish but on daily it is making patterns to becoming bullish with double-crossed in lower side by longs, Promoters also bought shares last month.
upl found an good opportunity,, best setup to short ,, three confirmations ,, no need to think ,, go short...
UPL may see more downside however, upl is still bullish on weekly timeframe but, one may see some more correction in coming day, its not a short sell advice but one can add long position if it comes under 590 levels.
