UPL LIMITED – AT 200EMA!! – 9th July ’20 View

UPL LIMITED #UPL

– PAID RESPECT TO BOTH THE HISTORICAL TRENDLINES ON 30MINS CHART.
– PRICE TOOK SUPPORT FOR 200EMA.

INDICATORS:
RSI – BELOW 40-LEVEL AND IS BEARISH .
TT2 TREND IS STILL BULLISH IS 30MINS AND DAILY TF.
CVD HAS TURNED BEARISH .

CONCLUSION:
1. IF THE PRICE BREAK LOWER TRENDLINE .
SELL WITH STOPLOSS AT 100EMA FOR THE TARGETS OF 400EMA/422.10 ON 30MINS CHARTS.

2. IF THE PRICE GIVES A BREAKOUT ABOVE 100EMA, BUY WITH LOWER TRENDLINE (+ BUFFER) AS STOPLOSS FOR THE TARGETS OF 454/464/470.

KEEP AN EYE!!

NOTE – BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!

***in case of GAP opening, the given levels become invalid.

***this is my personal view. Please take advice from your financial advisor before investing.