UPL trade ideas
Longright now upl is in accumulation zone upper level 601 lower 565
once level of 601 broken soon 650 will be on chart
one can hold with SL of 563
UPL LTD Daily Bearish BAT
MULTIPLE TIMES price is been rejected from Daily RESISTANCE LEVEL
With RSI BELOW 70 & TRENDLINE BREAK
SELL
UPL May face resistance between 600-610 levels.52 week high of UPL is Rs. 601.40 which seems as a resistance currently supported with upcoming Budget on 1st of Feb. If the budget comes with some positives for agriculture sector as a whole then we may see this stock giving easy 60-80 rupees return.
UPL good opportunity for intraday + investorUPL just gave a breakout from its trendline on weekly time frame
with increasing volume since last few weeks it has a very good potential to reach 680 levels(+20% upside)
hold UPL for 6 months
680s will be near its all time and once it breaks it too
you can gain 20%+ easily
very good opportunity for investors
UPLBearish Gartley in formation
Wait for 1 inside candle for confirmation
best trades world be to create a CALL Credit spread
Trendline breakout on Daily chart and Go Long on retraceTrendline breakout on Daily chart and Go Long on retrace
longupl resistance zone 530 550
close abv 550
risisng broadening wedge target can be seel
positional pick
weekly sl 400 target 800
17.01
vol activity indicating it may trtrace from 550 levels once
Multiple patterns on UPL chartsUPL price has given a breakout of symmetrical triangle pattern on friday. Also at strong S&R level now and forming a rounding bottom pattern as well. Closing above this resistance can go higher, next resistance can be the initial target. Price levels mentioned in charts..
UPL { Short 15 m }This is a channel bet , We'll short as 15 M candle low breaks where the target line is drawn below ,Rest is as per charts
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
UPL - Breakout Trade in Coming DaysUPL is looking very bullish.
Good breakout of long term Trend Line and resistance area.
Breakout with good Volumes and Stock also showing momentum as per RSI Levels.
Positional trade.
Target 1: 600+,
Target 2: 660+.
Maintain Stop loss of 470 (200 EMA).
Voltas ( 15 M short )As per charts
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
UPL - Intraday Trade SetupUPL CMP - 469.30
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 467 / Stop Loss 474
Target 1 - 463
Target 2 - 458
Target 3 - 453
Disclaimer: This is my view and for educational purpose only.
