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UPL

Discussion in 'Technical Analysis' started by shwetagnema, Feb 11, 2014.

  1. shwetagnema

    shwetagnema Active Member

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    UPL is in yearly continuous uptrend and after taking support from lowest level of trend channel, it has got some positive ticks already. so this is a good buy for the target 218-278 with SL 178. cmp is 194
     
    shwetagnema, Feb 11, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    shabbir, Feb 11, 2014
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  3. shwetagnema

    shwetagnema Active Member

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    shwetagnema, Feb 11, 2014
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  4. shabbir

    shabbir Administrator Staff Member

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    There is no clear pattern being formed that I like to trade along.

    So the slide from 215 to 180 is almost 30% and then we see a move up and so I would prefer a W being formed or a higher top higher bottom for me to be interested in this chart.

    I hope it helps.
     
    shabbir, Feb 11, 2014
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  5. shwetagnema

    shwetagnema Active Member

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    ok .....thanks shabbir
     
    shwetagnema, Feb 11, 2014
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  6. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Feb 11, 2014
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