UDPL Long

71
UDPL has very strong fundamentals (P/E: 2.3, EPS: ~30)
Its a dividend paying stock as well.
It is building cup and handle formation with the channel top line working as major resistance.
It took a correction from Fib 0.786 level of previous all-time high.
Once 80 (Channel top line) is broken, we can see it moving towards 91 which is its previous all-time high.
Ultimate targets are shown in the chart.
Monthly RSI is ~70 and ADX in 30s, showing a building momentum.
Its not a buy / sell call, just my personal opinion.

Penafian

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