UPL trade ideas
UPL - Profit booking dragged this stock down on 3rd AugustWith no negative news on cards, this stock fell significantly on 3rd August.
This might be because many traders booked profit due to negative sentiments in the market. There was no other reason for this stock to gave such fall.
Operators might also be played their part here.
Anyways, this stock bounced from the trend line and closed 7 points above the trend line.
UPL potential breakoutUPI making HHs and HLs over the last few weeks. Now its above the 200 EMA, and at the junction of a trendline and a support line. strong correlation. next resistance at 498. SL at 462 and then at 438. Lets see how this plays out. There is also increase in volume. so more confidence in the upmove.
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 - 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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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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