above 770 closecandle close above 770
can open more upside
on watch list for sure
disclaimer - for study purpose only
UPLPP.E1 trade ideas
UPL Breaking out of flag and pole pattern on Daily chartUPL can be very bullish in the coming week, breakout of flag and pole pattern on daily charts.
SWING TRADE IN UPLMarket Cap
₹ 58,797 Cr.
Current Price
₹ 770
High / Low
₹ 865 / 407
Stock P/E
18.2
Book Value
₹ 273
Dividend Yield
1.30 %
ROCE
13.8 %
ROE
15.0 %
Face Value
₹ 2.00
📈 Pre-open Chart #PriceAction Analysis by #KRMG (11 Nov)👉 Stock 2- #UPL
👉 Sector - COMMODITIES
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - Stock is in uptrend in Hourly timeframe and has given an IMPULSIVE UPMOVE then it is able to close near days High & on Yesterday it broken the important resistance of range High 760 Level
15 Min Trend is Bullish and it also is able to close near the Day's High so Buyers are dominant till now and a good breakout above CRITICAL ZONE may lead it to reach till 790 Level
🎯 Coming to sectoral pattern - #NIFTYCommodities after retracement to 5650 Level now may again start Uptrend which may lead it to reach till 6100 Level
#KRMGPriceAction
#LearnWithKRMG
UPL1D Time frame
as per price action Downward parallel channel breakout means a trend reversal
Upper Bollinger band broke on a closing basis
RSI > 60
ADX Raising
UPL Long term target It is clearly showing ELLIOT WAVE and the fundamental are looking good and technical analysis is telling that the entry position is correct
SO my view on this is preety good for long term i.e. one year
.
.
TARGET 1 - 862
TARGET 2 -965
TARGET 3 - 1145
.
.
STOP LOSS 1 -729
STOP LOSS 2 - 696
STOP LOSS 3 - 674
UPL ltdDisclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
UPL SWING BUY , FLAG AND POLE1. Flag and pole pattern is clearly seen in the chart.
2. Today on 10th of november it breaks out the flag with a good bullish candle having good volume, higher than 21 day average.
3. Now it may give a retest in before picking up the momentum or continue with no retest.
So it is good to enter in the stock now , and add more on the time of retest :
Entry : CMP ( 754-774 )
StopLoss : 740
Targets ,
There are two targets ;
1. The short one is where the trendline of the flag starts 852.40 , so Target 1 will be 840.
2. On holding the stock for more time , second target is based the length of POLE when we measures the length of pole and puts it at breakout level second target comes out to be 1025 ( 38% potential ).
Target 1 : 840 , ( RR ratio > 2.5 )
Target 2 : 1025 , ( RR ratio > 8 )
Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
UPL Swing Trading OpportunityFOR EDUCATIONAL PURPOSE ONLY:
Trend change in UPL with today's breakout candle. Can ride the trend upward for potential target of 850.
UPSIDE POTENTIAL IN UPL(FALLING CHANNEL)A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a “falling channel” or “channel down“. The more such reversals occur, the more reliable the pattern.
There are three scenarios the price rises after breakout,
the price retests the trendline and that trendline now becomes support in both situations there is a good buy opportunity.
the third scenario is the breakout is fake and our stop loss hits.
this is not investment advice and I am not sebi registered this is just for my own educational reference.
Breakout in UPLUPL broke 2 resistances and gave a good breakout. Target and Stop-Loss mentioned in chart.
UPL LTDSL below channel support, short term tgt is 850,long term tgt 1000+(3-6 months). Channel breakout.
TRENDLINE BO Plan your trade according to your R:R
This is not a call do your own analysis before investing.
Another breakout trade in UPLNSE:UPL is on a breakout if given a close with a strong candle, the reason is that it has tested the 760-770 level and with the same level it had given a strong breakout, though financials remaining strong the upward rally has more confirmation
Do like if seems worth!!!!
THANKS!!
UPL LTD Go long- Technical passReason for Entry
+ Positive Q2 Results
+ Technical suggests entry
+ 50% Retracement
UPL Flag Pattern Breakout!Buy at 750
Stop Loss at 715
Target 865
Note: This is purely for educational purposes only and is NOT a Buy/Sell Recommendation.
UPL Retracement LongExpecting a retracement momentum up
All Levels Mentioned On Chart
How to trade the setup?
When the chart says Long or Short at particular level, Put a Stop Order at those levels, Levels are strict
T1 : is Target 1
T2 : is Target 2
When you achieve your first target, book profits of 50%
and shift the stops to the cost
The term Catastrophe Stop, is a maximum movement of price that can happen in opposite direction of trade
so that the setup remains valid, Its basically used, to give some breathing space to the trade,
I may call for a recovery if the setup becomes invalid as the market progress.
As we all know anything can happen in the market and we should respect that
The Idea is for Educational purpose only
At Last, do your own analysis, before trading your money!
this is upl break or make level SO this is the upl share make aur breal level. IF the price action move above the resistant point feel confident to take fresh entry.
