UPLUPL correction pattern shown as labelled . seems it is ready for the move from here completing the correction in wave 2. any correction on counts can be commented to learn ew methods of counting
UPLPP.E1 trade ideas
UPL swing long 33% potentialbuy upl near 585-590 with stoploss of 557 for single target of 780. if our stoploss saves then our target will hit before feb 2024
UPL: Techno Fundamental AnalysisSomehow I have seen when there is an issue with monsoon (below par) this stock keeps on popping up in my radar. Reason: It's a AgroChem company (phosphate fertilizer producer #1).
I saw some analysts also giving Buy call in this. So before putting long term bet, was looking at the Funda-Techno Analysis of NSE:UPL
Here are my thoughts:
Fundamental :
DVM (Durability-Valuation-Momentum) score: 60-60-38 (Financially strong, valuationwise comfortable, technically neutral)
Consensus price trg from analysts: 760 (28% upside) in 1 yr
The consensus recommendation from 24 analysts for UPL Ltd. is BUY:
(11 Strong Buy, 6 Buy, 6 Hold, 1 Sell)
EPS is expected to grow by 6.4% in FY24
EBIT is expected to grow by 7.1% in FY24
Dividend per share is expected to grow by 6.4% in FY24
Capital expenditure is expected to grow by 60.7% in FY24
Technical :
In Monthly chart: It's actually in the golden zone of Fib series.
See the RSI descending triangle .
The current level is a good support area.
However best way is to do is a SIP where one can accumulate over a period from 600-500 area for an upside of upto 760/780.
SIP levels are shown in the chart:
Uplconsolidation near import support and showing buying interest if holds above 580 level of 580 on weekly closing bases rally might extend towards 650 levels and above in September .view fails on closing below 580 level .
UPL - Getting Ready for UpmoveDisclaimer: View for Educational Purpose only, Not to be taken as trading or investment advice.
Price Action suggests accumulation phase is near over.
Stock has been consolidating for long,
Good Valuation levels.
UPL @CMPBuy UPL at 580-600 range
Currently script is at Monthly and weekly support expecting a bounce back to the level of 750 zones.
$UPL retracementNSE:UPL got strong support at 50% fib retracement levels and already made couple of attempts to move up.
However, there is no sign of strong buyer support.
Looking at the fundaments, this is at its best price you can get. Not sure if greedy big fishes waiting for price to slip to next fib level which is at 514.
buy UPLUPL has form inverted head and shoulder pattern (breakout) and on daily timeframe it is on support
can buy between 680 - 685
with stop loss of 672
for target of 709 , and 733
for short term
UPL incase you missed the previous rally!UPL is coming to buy range, incase you missed the previous rally!
Observe the behaviour of the stock around .5 and .618 retracement and decide.
Note for everyone who came across this reference:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
UPL Breakdown Bearish Breakdown stock
Short only below 580
Target 1: 509
Target 2: 406
Stop Loss: 635
UPL- Long Very Bullish- Buy above 609
After completing cycle of Elliot Wave 1-2-3-4-5; UPL has completed counter waves A-B-C. Please note that waves are always taking base at F6 at the Bottom and F12 at the top of the unique indicator of the Author. Risk averse investors can buy above 602. But as suggested by GANN always buy when price crosses 3rd square so buying above 609 is very same.
Execution Idea: There are four days left in the week. Today is holiday at NSE and left are
W,T, and F as working days, Let the proper levels come and this time is utilized to bring all the moving averages into order.
Next week onwards you can expect bullish trend in UPL.
Author uses Gann, Fibonacci, Wave Analysis and his unique indicator created with confluence of all these three. It avoids tedious Price, Time and Volume Analysis. Please dont be greedy or fearful to execute before level are achieved.
Use other indicators like William%R, EMAs and SMAs for execution.
Disclaimer:
The content has been created for educational purpose and author is not responsible for any of your losses and profits. He is not a SEBI Registered Analyst.
Together we grow. Happy to share. Please refer to other analysis on this stock by the author which are being attached.
UPL: Supply turned demandUPL(United Phosphorus Ltd.) has been declining over the past few sessions & has recently entered a supply turned demand area on weekly timeframe
Earlier in 2021, 650 was a key resistance and later on we saw a momentum filled breakout with high volumes after which the stock has been consolidating since then. For now 630 seems to be a good accumulation level as it has been tested as a support many time during this accumulation phase and below which we have higher chances of seeing further downside so it is a crucial level to watch for!
For value investors after such a long accumulation phases the breakout of the pennant can be a better opportunity as risk is high as per now.
On the fundamental side, the company has good amount of cashflows and is fairly priced at price to book ratio of 1.6 times
SETUP:
Entry near 630 keeping a strict stop loss near 595 & target up to 740 is a decent risk to reward setup.
Kindly do your own research. Thanks a lot for reading!
UPL taking support @ 589.45, Buy above 609.8
The Author uses confluence of GANN, Fibonacci and Wave Analysis along with his unique and leading indicator - Fibo 17, which makes Price - Time and Volume Analysis very easy. Easy to understand Analysis for Swing, Intraday and Long- Term Investing as well.
At the intersection of pink vertical line candle closed at 589.45, and last candle made a low of 590.1. Clearly showing a support at this level. Red solid line is a strong trend- line.
Buy, above 609.8 i.e. Fibo 13 with stop loss of 590.1 as is recommended by Gann to enter only when the price enters the third square with first square as the stop loss. Expect a short term target of 625 and then 650.
Execute only with the help of other indicators, such as Williams R%, EMAs and those who know options, can analyse on the basis of option chain as well.
Disclaimer: There is no recommendation to buy or sell. The content has been generated only for Educational Purposes and Author is not a SEBI Registered Analyst. Please consult your Financial Advisor before trading/investing.
Together we grow, Happy to Share!
Note:
Please check author's analysis on other stocks, indices and crypto.
Thank you
UPL Stock Analysis Awaiting Bullish Signals for Optimal EntryUPL currently finds itself within a crucial support range of 600-616, aligning with the 0.38 Fibonacci retracement level. An additional support layer emerges in the 512-529 range, coinciding with the 0.5 Fibonacci level – a zone that could potentially serve as a logical stop-loss point.
Post a bullish rally that spanned from March 23, 2020, to June 7, 2021, the stock has since entered a consolidation phase. This phase becomes evident when observing the diminished trading volumes in the aftermath of the rally. Although the stock has slipped below its 200-day moving average, a prudent approach suggests awaiting the emergence of bullish signals.
NSE:UPL NSE:UPL
These signals might manifest as the morning star, engulfing candle, or hammer candlestick patterns. Additionally, keeping a vigilant eye on chart patterns or instances of sudden upward momentum, reminiscent of the occurrence on July 23, 2018 – a time when the stock witnessed a surge just below the 200-day moving average – could provide additional cues pointing towards a potential bullish trend.
It's noteworthy that the initial support area mentioned above presents an attractive trading opportunity, boasting a risk-reward ratio of approximately 2.5. Assuming the target lies within the realm of all-time highs (ranging between 846 and 861), careful consideration of these elements could pave the way for a well-informed trading decision.
UPL Bullish Reversal PossibleUPL Bullish Reversal Possible following a trendline at higher timeframe.
upl - sellsell from cmp to 609.5
sl close above 610
easy tg 601
Disclaimer : This is my personal analysis for study purpose not intended for trading.
Hedge Strategy in $NSE:UPLAs per Technical Analysis and volume Analysis Looks Like NSE:UPL Had Taken Support Near 600 Level and if its break 608-610 then Probably it will test 618 and then 625-28 level in coming days.
as a trader i am Planning to take Hedge Entry in Mention Stock.
Aug series.
Buy 610 PE Near 13 and buy Aug Future Near 610-611, Stop Loss 606, target 615,620,625 Time Frame 15-18 Days
Investment required - 40000
Best Regards,
Ajay Metha
UPL Buy in cash / 14% returns can be expectedBuy UPL under 600 / Targets can be till 690 / Stop Loss - 580 / Risk Reward Ratio - 5:1
Does UPL reverse From 600 level ?As Per Weekly Chart Trading Analysis and 52 week Trading strategy NSE:UPL ill try to take Support Near 600-595 Level if its Break then we can 580,565 Level but Currently its looks Difficult.
as A Swing Trader i am Planning take entry in this stock ill Buy Near 605-608, Stop Loss 590, Target 635,650 Time Frame 90 Days.
Before Taking Any Entry Do your Own Analysis.
Only For Educational Purpose.
Thanks and Regards
Ajay Metha
Question on UPLQuestion on UPL
Stock is near support zones. But following or below aggressive trendline.
Fresh Buy avoid till below aggressive trendline.
If already holding for long term then keep SL below the zones @ 560
UPL UPL at strong support and bullish divergence plus confirmation by green hammer long above today hammer high
