I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure...
UPL this stock is trending downwards from last few months.
now price is near its support, where previously a strong move to the upside is happens.
will look for buy this stock...keep observe this level.
if price falls continue it will reach the bottom supports at 580 and 546 levels.
keep track this for buyside.
NSE:UPL has been sustained above weekly swing low of 686. As per my analysis, it is best time to take buy entry at level of 690 with strict stop loss of 656 (-46 Points Daily Candle Close).
My expected upside target would be 702 (+12), 735 (+45) ^ 805 (115). It may take 3-4 week to get upside targets.
Note: This is my personal analysis, only to learn stock...
---->>clearly trending downwards from 760 level.
------>> Now price is key level of support(680-675) ,previous demand acts as a support and price moved to upwards again.
-------->> now price is again at the same level, now we have to see it will continue in the same direction of downtrend or it will change its direction from bearish to bullish. keep look at this...
UPL looks good on the daily and weekly chart and stock was also seen bouncing from the short-term support @ 755-760
Sustaining these support levels, stock can move up to 780 initially then towards 80 levels in the coming week.
Though Index looks weak, try to take a trade as close to the support area for a better risk reward.
Disclaimer: Trade at your own risk.
The profitability is in the decline phase and technically pointing towards the head and shoulder with the support of volume and with interest increasing we can see some profit booking at current levels on the stock.
NSE:UPL
Observations:
1) On 1day time frame,we can see 824 is immediate breakout level and major breakout level is at 840.
And it is forming rounding bottom pattern. as well as cup and handle type formation as well.
If these patterns gets activated then we can see good up move.
Please refer below chart : 1day time frame.
2) On 15min time frame, we...
The stock has created a good base at the level range of 622 levels.
As you can see the stock has taken support around this area and moved upwards.
It reached a high of 844 levels before crumbling to huge selling pressures.
The stock is trying to make its way back to the top.
I have presented my views on the chart with levels that can help you take your...
Here in UPL i think up trend will continue and we will see 610 in near future
Personal advice
SL :- 490
Limit :- 610
Note :- Do not go with my advice , study a trade !
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As per the Technical Analysis Chart Pattern, UPL Share weekly view.
The potential upside with the view of 522. We can follow the strict Stop Loss of 491. It will only Buy After the breakout of the upper trend line which is acting as a resistance of level of 504.
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This is only...
![UPL: Simple Trade Setup | UPL | 18-04-2022 [INTRADAY]](https://s3.tradingview.com/e/eXwmKTAs_mid.png "Simple Trade Setup | UPL | 18-04-2022 [INTRADAY]")
