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UPL--BearishGap @660I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. If price breaks the resistance, we have a chance of filling the bearish gap, soo keep in buyside until it touches the zone of resistance and bearish gap. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support
NSE:UPL
by IIT-Trader
2
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.
NSE:UPL
by IIT-Trader
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 ---------------------------------------------------------- Resistance : 498.55 and 520 Breakout : 486 LTP : 478.15 Breakdown : 474 Support : 467.20 and 456.35 ---------------------------------------------------------- Positive & Negative Point: 1) Bullish in Daily chart. 2) Neutral in Weekly/Monthly chart. ---------------------------------------------------------- (Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
NSE:UPL
by singajai