UPL
UPL-Short trade opportunity -Futures trade Hi Traders,
As per the above chart , UPL is currently at good support zone, if the price breaks the support zone in downward direction and closes below Rs.693/- (in 1 hour chart) you can take the short trade, stop loss is based on your risk appetite and Target 1 is Rs.640 to 630 and Target 2 is Rs.600 to 590/-.
1 Lot of UPL futures is 1300 shares and margin required for this trade is around Rs.2,35,000/-.
This analysis is for short term trade (i.e. Positional trading) and not for intraday.
Note : This is not a financial advice and trade at your own risk.
Thank you.
Enjoy the trading.
UPL Weekly EW Wave counts with Harmonic Crab Formation WIPUPL Is technically looking solid and every dip should be a buying opportunity.
Per Elliott Wave analysis Wave 3 formation in progress and we know that for any trend wave 3 is usually the strongest part of the trend. Wave 2 exactly retraced up to 0.618 FIB of Wave 1. We can also see subwaves within major Wave 3 but I will let the structure develop itself before attempting to count and measure them. At this point, a fair estimate would be to have wave 3 as 1.618 times of wave 1. We will obviously fine tune and find out a possible zone when subwaves starts to emerge with more clarity. That way we will have FIB Clusters up to which Wave 3 may go.
From the Harmonic Crab Pattern perspective, We see B Point as 0.618 retracement of X-A leg and then C point as 0.382 retracement of A-B Leg. And we know once we identify the structure with 0.618 as B and 0.382 as C, this is usually Crab Pattern with 1.618 projection on X-A leg.
I always recommend having a free account with Scott's harmonic trader website, download all the three PDF copy and read the concept. It is really amazing and accurate. From EW perspective, please read EW Wave book "Elliot Wave Principle : A Key to Market behavior" by Frost and Prechter.
UPL LONG INTRADAY 4 MAY ,2021Dear trader,
If u look at the chart of UPL (analysis based intraday only) the UPL Buy at 643 and Target at 650
Best Buy at 640.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
UPL LONG INTRADAY 30 MAR, 2021Dear trader,
If u look at the chart of UPL (analysis based intraday only) the UPL support at 615 and Target at 623 and Stop loss at 607.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.