UPL is showing signs of recovery after a recent decline. Price has bounced from the ₹493–₹500 support area and is now attempting to reclaim the ₹510 resistance level.
The recent move above ₹510 is encouraging. Watching for a possible bullish continuation if price manages to hold above this level.
Entry: ₹513.60
Target: ₹549.80
Stop Loss: ₹493.15
Risk-to-Reward: 1:1.77
I prefer setups with favourable risk-to-reward ratios, controlled risk and technically justified stop losses. Proper risk and money management remain essential for every trade.
A 2-hour candle closing below the red stop-loss line would invalidate this bullish setup.
Technical observation only. Not investment advice.
The recent move above ₹510 is encouraging. Watching for a possible bullish continuation if price manages to hold above this level.
Entry: ₹513.60
Target: ₹549.80
Stop Loss: ₹493.15
Risk-to-Reward: 1:1.77
I prefer setups with favourable risk-to-reward ratios, controlled risk and technically justified stop losses. Proper risk and money management remain essential for every trade.
A 2-hour candle closing below the red stop-loss line would invalidate this bullish setup.
Technical observation only. Not investment advice.
Trade fermée: cible de profit atteinte
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.