Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
upl is forming a bearish fall on poll pattern and today its has given a break down of fall n poll .its a good selling opportunity for intraday if its break 584.50 and 15 min candle close below 584.50 we can take a short trade tomorrow.
Stock price has taken a very good support at crucial level i.e 580.
formed a strong bullish dojo on daily timeframe.
Currently, price is trying to retrace and possibly form a 'W' pattern with a higher high.
590 is a very strong support on monthly timeframe.
formed a bullish engulfing candle on monthly timeframe.
TARGET : 657 // 696 // 760 // 848
SL :...
It’s just my personal opinion and not an advice.
As it’s looks like a flag pattern in weekly chart it may reach fib levels of 1.6/2.4 .
It has to defend the 52 weeks low only then.
TECHNICAL INDICATORS -
SYMMETRICAL TRIANGLE BREAKDOWN -
UPL had formed a very strong symmetrical triangle (with almost 8 CONTACT POINTS) recently and broke it down recently indicating a strong downmove to come in near future
REVERSAL FROM 50D & 100D SMA -
On daily timeframe, it had recently reversed from these two sma simultaneously again...
Stock breakdown neckline
Fresh entry for downside
Risk reward very good
Target 500
Day high S.L
Chart setup very Bearish
All indicator favour in Bearish side.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
UPL has been in a long time sideways move. It's likely that it's still in a correction and there is one move up, pending to complete a 3 wave corrective pattern, a Flat wave.
Looking at the bull flag formation at the lower end of the price line, a breakout to the top can see a continuation to the upside to Retest the previous Highs. The risk to reward looks...
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Get set for a soaring ride as UPL showcases a bullish breakout after constructing a higher low in market structure, offering a lucrative 1:4 risk-to-reward ratio. 🚀💰
Attention traders! 🗓️ This breakout could be your ticket to substantial portfolio growth. Dive into our analysis and insights to seize...
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...
As long as the stock is between ema100 and ema200, it is in danger!
Even if it closes above the ema200, my stance won't be bullish untill it stays above it for a couple of days!
Will look to short near 650!
UPL Making 2023 Low at 576.95 and now Recovering form 2022 Low Price level 607.50..will this price level hold and sustain..will UPL price make an uturn from these pricr level...Let's see if the 2022 Low price level holds for now.
