UPL trade ideas
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.
UPL - Intraday / Swing Trade SetupUPL CMP - 460.30
Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Buy at or Above 462 / Stop Loss 456
Target 1 - 466
Target 2 - 470
Target 3 - 475 / 478
Swing Target - 490 / Stop Loss 453
Disclaimer: This is my view and for educational purpose only.
UPL CMP 449UPL - CMP 449. It has fallen recently from the highs of 495 and is on recovery path. On Previous day ie on 15.12.20 it has crossed 20EMA and about to cross 50 EMA which is around 452. RSI is also reversing from support and on bullish trend. Buying above 452 can take it to 457, 462, 480, 495 in days to come. It is purely for educational purpose any buying or trade to be initiated after consulting financial expert.
UPL - Intraday / Swing Trade SetupUPL CMP - 455.70
Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Buy at or Above 457 / Stop Loss - 451
Target 1 - 462
Target 2 - 467
Target 3 - 472
Swing Targets - 510 / Stop Loss 425
Disclaimer: This is my view and for educational purpose only.
Long for 500 by new year* It is currently in previous support which was tested
* Post gap down, it is now appearing to consolidate
* Bounce from here and if market supports, could go to hit 500
* Historically, UPL had been positive on December
Stop loss below 395
#UPLA long term play that has recently witnessed trend reversal from its long term down trend. Can go up very quickly from here.
Long on UPL swing and intraday too...UPL is in good uptrend and taking support of 50 EMA
On 15 Min time frame taken good support as per drawn trend line.
Go short if open flat or almost flat and cross level Go short if open flat or almost flat and cross level
UPL LTD 1HRBearish DEEP CRAB from 3HR ,2HR & 1HR TF strong potential reversal zone
Red Trend lines are Resistance from Daily Time FRAME
with RSI BELOW 70 SELL
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
UPL LTD 3HRBearish DEEP CRAB
Red Trend lines are Resistance from Daily Time FRAME
so expecting retracement from these Resistance..with RSI BELOW 70
SELL
