trendline breakout with unusual volume can be seen in UPL in 4H timeframe chart. if 4H candle manages to close above trendline, a good upside movement is expected till 759/60 level, which will acts as a resistance level/supply zone. keep the stop loss of low of breakout candle. this is short term (1 week) view of UPL .
ENTRY: CMP
TARGET: 759
STOPLOSS: 715/717
TARGET TIMEFRAME : 1 WEEK
THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR PARTICULAR STOCK/SECURITY.
ENTRY: CMP
TARGET: 759
STOPLOSS: 715/717
TARGET TIMEFRAME : 1 WEEK
THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR PARTICULAR STOCK/SECURITY.
Comment:
Here's 750 level..
Trade closed: target reached:
target done today.
