Tuesday, May 9, 2017

TECHNICAL VIEW ABOUT UPL FOR 10 MAY 2017

BUY upl ABOVE 820 tgt 830/840 sl 808

After showing correction from the higher level, now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 820 as the stock is managing to sustain above the level of 800. One may get the targets of 830,840 in the stock with the stop loss of 808.It is likely to show correction with the breach of the support level of 800 where one may initiate the short position in it for the targets of 780,770. while stop loss can be placed at 830. Primary trend of the UPL  is bullish. first resistance level seen on charts at 827.
DAILY CHART FOR UPL:



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