Upllong
UPLBuy above 600 after trendline breakout
Sell below 591 after support breakdown
Learning and educational purposes only
UPL Weekly Technical Analysis As per the Technical Analysis Chart Pattern, UPL Share weekly view.
The potential upside with the view of 522. We can follow the strict Stop Loss of 491. It will only Buy After the breakout of the upper trend line which is acting as a resistance of level of 504.
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This is only for educational purposes.
R-0181 BUY UPLBUY 501-503
SL 495
TGT 516
Reason : ichomoku cloud break out + TK cross over + MACD cross over +above VWAP
UPL Result : Good result and stock on channel breakout#UPL Q1FY21 Profit Nearly Doubles On Low Base, Improved India Business. Net profit rose 93% year-on-year to Rs 551 crore in the April-June period. UPL’s Revenue declined 1% over the year ago to Rs 7,833 crore.
Showing Bullish result in Technical Parameter:
CCI Overbought zone
RSI is treading UP
MFI is treading UP
Stoch is treading UP
DI+ is trending UP from DI-
Aug PCR OI is 0.51 means oversold.
Closed below 200SMA
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Resistance : 498.55 and 520
Breakout : 486
LTP : 478.15
Breakdown : 474
Support : 467.20 and 456.35
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Positive & Negative Point:
1) Bullish in Daily chart.
2) Neutral in Weekly/Monthly chart.
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(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
UPL - Bounce from lower trendline support?NSE:UPL may bounce from lower trendline support.
Track this.
UPL Multi Time Frame Analysis . ( 1 Day & 75 Min ) UPL Multi Time Frame Analysis . ( 1 Day & 75 Min )
Trade Type :- PULLBACK
On Daily
Price Making HH And HL's ( With A Higher Volumes )
Going Up Volumes Are Greater Then Avg .
It Made A High Of 449.70 ( With Low Volume Bar & Bearish Candle )
After Making High It Retraced Till Fib 0.5 Levels And Taking Support On that levels .
Price Taking Support On 34 Days EMA .
After Entering Demand Zone Price Made A Doji Which Shows Indecisiveness .
On 75 Min .
RSI Is Giving Divergence .( Momentum Is Shifting )
Trade Plan
ENTRY :- Buy Above Doji ( 411 )
STOP LOSS :- 388 ( Where Last Demand Came )
Target
432 ( Strong Resistance)
Swing Target :- 460-475 ( FIB Extension )
Happy Trading
upl go long for the target-500++ next week upl will give good upside move till 500+++ in next week 8th june to 12th june 2020 NSE:UPL
UPL LTDTHE STOCK SEEMS TO BE IN STRONG UPTREND , RECENTLY STOCK HAS BROKEN RESISTANCE WITH VOLUMES , NOW THE PRICE SEEMS TO GO UP TO TEST THE RESISTANCE OF AROUND 456 LEVELS , WE CAN SEE STOCK TO GO DOWN ONCE IT BREAKS AROUND 430 LEVELS ,WE CAN GO LONG AT RETEST OF AROUND 435 LEVELS WITH TARGET OF 450-456 WITH STOP OF AROUND 426-429 LEVELS
VIEWS ADN SUGGESTIONS INVITED
THANKS
