UPL chart is ultra dynamic for good return UPL is best share in chemical sector for fresh buy or bottom fishing
what technical parameter speak
1 Flag pattern visible on weekly chart pattern
2 Inside that flag double channel also visible
3 following proper fab. point
4 Fer people called rounding bottom reversal
5 some people called hook pattern
strong support on 500 and and that will jump again in his range of 600 to 850
support 500
Resistance 600
flag and life time high completed on 850 after that actual bomb blast on that share
BUY upl above 540
TRG 1 - 620
TRG 2 - 720
TRG 3 - 820/860 above 860 trg is open for 1000/1200/1400 "
SL - 420
that trg if adjustable for long term and short term investors
before making any position consult with your financial advisory
that all data and details only for the observation and study purpose
Upllevels
UPL--@Support finally UPL reached its support levels...
this is the time to look for reversal area.
This time this finds the support from this level or it will continue to move downside.
wait for the price to create a right shoulder to go long from this stock...
please add this stock in your watchlist for bullish, will go long once it is ready to break.
Now it is at support, take care before going to short.
UPL--At Key level of Support??---->>clearly trending downwards from 760 level.
------>> Now price is key level of support(680-675) ,previous demand acts as a support and price moved to upwards again.
-------->> now price is again at the same level, now we have to see it will continue in the same direction of downtrend or it will change its direction from bearish to bullish. keep look at this level.
-------->> we have clear demand zone placed at 640 range level, if price breaks this key level it will test the demand zone.
if price moves upwards we have previous demand @710-715 if acts as resistance price falls back up to 640 range.
keep track this levels.
Simple Trade Setup | UPL | 18-04-2022 [INTRADAY]NSE:UPL
Observations:
1) On 1day time frame,we can see 824 is immediate breakout level and major breakout level is at 840.
And it is forming rounding bottom pattern. as well as cup and handle type formation as well.
If these patterns gets activated then we can see good up move.
Please refer below chart : 1day time frame.
2) On 15min time frame, we can see a support trendline. If it gives breakdown of this support trendline then we can see intraday fall.
Please refer below chart : 15min time frame.
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Trade Setup for 18-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
UPL - long viewThe stock has created a good base at the level range of 622 levels.
As you can see the stock has taken support around this area and moved upwards.
It reached a high of 844 levels before crumbling to huge selling pressures.
The stock is trying to make its way back to the top.
I have presented my views on the chart with levels that can help you take your trades.
Thanks & Regards,
If you feel you can make use of my views and put them to good use, request you to kindly revert with feedback/suggestion/improvement