Wednesday, 8 November 2017

TECHNICAL VIEW ABOUT UPL FOR 09 NOV 2017


BUY UPL ABOVE 752 TGT 765/775 SL 735

Primary trend of the UPL  is bearish for now and  After showing correction from the higher level, now stock is trading in short-term recovery phase, it is forming continuation pattern in short-term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 752 ; right now the stock is managing to trade below  its 22 &55 and 200 days moving averages with the RSI of 32, one may expect the targets of 765/775 in the stock if it manages to sustain above the immediate strong support level of 735. 770 level is seen as a strong resistance.
DAILY CHART FOR UPL



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