UPL Limited view from 2 June 2020
UPL is in a upward channel ... in the resistance zone also consolidating .. possible both scenario upward breakout
or back to support level ( indicated in red line) buy only if candles closes above the channel middle line..
scenario 1:
consolidate for some time in red zone ... goes towards the last support line to test the level and also to increase the buying pressure
scenario 2 :
continue the channel aggressively by going upwards
scenario 3 :
not able to hold in the red zone and falls.
or back to support level ( indicated in red line) buy only if candles closes above the channel middle line..
scenario 1:
consolidate for some time in red zone ... goes towards the last support line to test the level and also to increase the buying pressure
scenario 2 :
continue the channel aggressively by going upwards
scenario 3 :
not able to hold in the red zone and falls.
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