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iitiantradingsage

Double top formation in UPL and rejection from neckline

Short
UPL LTD (NSE:UPL)  
iitiantradingsage Updated   
NSE:UPL   UPL LTD
Double Top or Bottom Trend Analysis Supply and Demand uplshort doubletoppattern doubletopreversal bearishtrend bearishpatterns
3
6
doubletoporbottom trendanalysis supplyanddemand uplshort doubletoppattern doubletopreversal bearishtrend bearishpatterns
UPL seems to have formed double top pattern and now it has come to retracement level of neckline after breakout and then giving clear rejection for the upside move.
Also, we are seeing a clear reversal in the uptrend in the daily timeframe. so possibly can test previous swing high of 650


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Comment:
Price moving as expected!
Trade closed: target reached:
Target 1 is achieved.
Trade closed: stop reached
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