Has been slipping since a level of 300 in May 2019.
The chart looks like consolidating in the past few sessions
Overall structure is still quite weak. It is way below its 200 dma
A short term rally can be expected abv 235 towards 250 and one can keep stops at 222
But positional traders can avoid it for medium term play till a more robust chart structure is evident.
UPL broke through its 200 dma near 570 earlier this month and sharply move to wards 500
Current bounce is a reaction to the sharp down move and should not be seen as an uptrend
Long players should wait for more consolidation before jumping in
Short players can to short on bounce with stops at 550
The stock is quite weak as of now.
Has been on a uptrend after taking supp at its 200 DMA at 230 earlier this month
Overall the stock has been consolidating in the range of 230 to 255 in the last 6 months
Positional traders can wait for pullbacks to 200 DMA near 230 to buy.
short term traders can buy here for tgts of 255 and stops at 237.
consolidating in the 330 350 range since a month and oscillating based on moves in the crude oil market
It has made a good move based on last night in the crude market
It is currently hovering at its 200 DMA
A break above 360 levels has potential to take it to 372
Keep stops at 340
Buy abv 360
After its strong results, the stock could not perform due to weak market conditions in the last
many weeks. It has been in a sideways consolidation
It is now attempting to build another leg up .
Buy abv 422 with stops at 410 for target of 438
Sell on bounce with stops at 1243.
RIL has broken below its LT trendline and 200 DMA
Unless this isa falase break down and it quickly gathers above 1243, the stock will go down sharply towards earlier supports.