TECHNICAL OUTLOOK - UPL MADE EVENING STAR CANDLE PATTERN IN WEEKLY AND ALSO MADE HANGING MAN CANDLE PATTERN IN MONTHLY CHART, IN MONTHLY CHART VOLUME IS ALSO DECREASING, EVENING STAR IS A BEARISH CANDLESTICK PATTERN CONSISTING OF THREE CANDLES: A LARGE WHITE CANDLESTICK, A SMALL-BODIED CANDLE, AND A RED CANDLE, RSI IS OVERBOUGHT AT 70.32, MACD SHOW NEGATIVE DIVERGENCE, I THINK UPL WILL GO BELOW 900 SOON
LEVEL - UPL30MAY19
SELL BELOW - 955
FIRST TARGET - 930 FOR 5 TRADING SESSION
SECOND TARGET- 915 FOR MAY CONTRACT
SL ABOVE - SL ABOVE 970
LEVEL - UPL30MAY19
SELL BELOW - 955
FIRST TARGET - 930 FOR 5 TRADING SESSION
SECOND TARGET- 915 FOR MAY CONTRACT
SL ABOVE - SL ABOVE 970
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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.
