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 closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.