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Upltrade

UPL--BearishGap @660I 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 typically prevents the asset from rising higher. If price breaks the resistance, we have a chance of filling the bearish gap, soo keep in buyside until it touches the zone of resistance and bearish gap. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support
NSE:UPL
by IIT-Trader
2
UPL--At Key level of Support??---->>clearly trending downwards from 760 level. ------>> Now price is key level of support(680-675) ,previous demand acts as a support and price moved to upwards again. -------->> now price is again at the same level, now we have to see it will continue in the same direction of downtrend or it will change its direction from bearish to bullish. keep look at this level. -------->> we have clear demand zone placed at 640 range level, if price breaks this key level it will test the demand zone. if price moves upwards we have previous demand @710-715 if acts as resistance price falls back up to 640 range. keep track this levels.
NSE:UPL
by IIT-Trader
Simple Trade Setup | UPL | 18-04-2022 [INTRADAY]NSE:UPL Observations: 1) On 1day time frame,we can see 824 is immediate breakout level and major breakout level is at 840. And it is forming rounding bottom pattern. as well as cup and handle type formation as well. If these patterns gets activated then we can see good up move. Please refer below chart : 1day time frame. 2) On 15min time frame, we can see a support trendline. If it gives breakdown of this support trendline then we can see intraday fall. Please refer below chart : 15min time frame. ------------------------------------- Trade Setup for 18-04-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:UPL
by Trading_hawk
UPL - long viewThe stock has created a good base at the level range of 622 levels. As you can see the stock has taken support around this area and moved upwards. It reached a high of 844 levels before crumbling to huge selling pressures. The stock is trying to make its way back to the top. I have presented my views on the chart with levels that can help you take your trades. Thanks & Regards, If you feel you can make use of my views and put them to good use, request you to kindly revert with feedback/suggestion/improvement
NSE:UPLLong
by ruelfernandes