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UPL Limited
Short
Updated

Short UPL as per MACD & Stochastic signals

126
UPL is one of those stocks where it seems bearish phase is yet not stopped. Fresh signal are given by MACD crossover as well Stochastic crossovers. Interestingly both are also giving bearish divergences (observe down arrow) which confirms our short selling call. Short Sell in range of 700-705. Targets will be 693(T1), 680(T2), 672(T3). A stop loss of 709 is highly recommended.
Trade active
Sell UPL @ 703
Note
Stop loss of 709 can get triggered!
Trade closed: stop reached
Stop loss of 709 hit....
akshay1808
Also on:
DivergenceMoving AveragesOscillatorsshortsetupSupport and ResistanceUPL

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
DivergenceMoving AveragesOscillatorsshortsetupSupport and ResistanceUPL
akshay1808
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.