UPL trade ideas
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 BREAKOUT GIVEN ! TARGET OF 520+ BOLLINGER BAND BROKE AFTER NARROW RANGE
BREAKOUT DOUBLE TOP
STRONG RESULTS
Target 520
SL 460
UPL - PNF CHARTNSE:UPL
This is a PNF chart of 5 box size and reversal size of 3
Here we can see a Double top being activated, and the target if it sustains can be seen till 480 as per the PNF levels.
This should be refered on candlesticks if you are not versed with this chart type.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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UPl - Breaking our?UPL is breaking out of ascending triangle setup.
Looks good.
Notes are provided in chart.
UPL- long above 470UPL swing breakout tested 470 with volume ,lets see when its goona breach 470... taken support of daily trendline and also had a triangle breakout. only hurdle is 470. Trarget of 590 on cards...
UPL short - Broken trendlineUPL short - Broken trendline and retested the broken support as resistance. May continue back downward for short term.
UPLNSE:UPL
CAN BE BUY WITH SUPPORT PLACED AT 434 AND LEVELS ON UPSIDE CAN BE 445, 452 & 460
IT HAS BEEN UMMOVED IN TODAYS VOLATILE MARKET, CAN EXPECT SOME GOOD MOVE.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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UPL - Bounce from lower trendline support?NSE:UPL may bounce from lower trendline support.
Track this.
