UPL LTD / Linear Regression lines / Eillot waves

The Linera regression line upper band is where the price is today . It may act as a resistance levels or a breakout level.

The elliot wave counts is as seen on the chart and it show completion of the 5 waves followed by retesting important Fibo level of 546.20 . The Fibo retracement provides levels are important to keep on radar.

The support levels where the stops can be placed is 447.80 with target as per the Fibo levels seen in the chart .
Chart PatternsTrend AnalysisWave Analysis

Disclaimer