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 trade ideas
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
UPL LEVELS...UPL IF BREAK 440, MAY GO UP TO 490 THEN ANOTHER BREAKOUT MAY LEAD THE RALLY TO 600 LEVELS... STUDY PURPOSE PLEASE.
Go long when 430 breaks can go long for the target 520 when 430 is broken with a stoploss of 398
and if 520 is also broken 596 can be seen
UPL Limited is giving us Negative divergenceFrom the charts of UPL Limited (on 15 minutes or 1 hour), we can confirm the RSI trend is showing negative divergence with respect to the stock.
You can short the stock, when the shorting position is confirmed, when the stock breaks the uptrend line.
UPL Limited view from 2 June 2020UPL is in a upward channel ... in the resistance zone also consolidating .. possible both scenario upward breakout
or back to support level ( indicated in red line) buy only if candles closes above the channel middle line..
scenario 1:
consolidate for some time in red zone ... goes towards the last support line to test the level and also to increase the buying pressure
scenario 2 :
continue the channel aggressively by going upwards
scenario 3 :
not able to hold in the red zone and falls.
Ascending traingle pattern break out today for UPLAscending traingle pattern break out today for UPL
If the price stays at 398 on the closing base, then can see a good upside.
support and resistance levels are mentioned on the chart, can be considered for buy and sell.
UPL heading for fall???Multiple time frame analysis.... impulse wave completed... correction wave completed...forming ABCD Pattern....heading for around 100 region...perfect retracement bounce from recent peak...
Positional: UPL WEAK BELOW 333 Next Support NEAR 305,300, SL 358SHORT UPL WEAK BELOW 334-333 TARGET NEAR 305,300, SL 358
(Adjust Future premium/discount accordingly)
SYMMETRICAL TRAINGLEIt's on the bottom of symmetrical triangle and looking good. It's ready to move for 420 , 1st Target 391
UPL - Go long post 380Confluence 1: Channel Trend
Confluence 2: Trend line break and retest (Good last candle)
Buy post retest of the 380 S&R line
UPL - Breaking trendUPL is about to break the trend.
Currently need to cross 50MA and sustain to break the channel and also need to cross 50% FIB levels.
It has couple of resistances just above, but once cross 430 - it will fly away
keep it in watch list.
