UPL IS SOON TO CRASH DUE TO THIS PATTERN...

11 Jul 2023

TECHNICAL INDICATORS -

1. SYMMETRICAL TRIANGLE BREAKDOWN -
   
   UPL had formed a very strong symmetrical triangle (with almost 8 CONTACT POINTS) recently and broke it down recently indicating a strong downmove to come in near future
   
   
2. REVERSAL FROM 50D & 100D SMA -
   
   On daily timeframe, it had recently reversed from these two sma simultaneously again indicating downside pressure
   
   
3. REVERSAL FROM STRONG SUPPORT-RESISTANCE LEVEL -
   
   It had also tested and reversed from an old and time tested level which earlier had acted as support and now working as resistance level
   
   
4. PROFIT TARGET -
   
   Its profit target is 544.95
   
   

FUNDAMENTAL INDICATORS -

1. LOWER SALES & PROFIT MARGIN COMPARED TO PEERS -
   
   On the last quarter (jan-mar), UPL had delivered a lacklustre sales and profit margin comapred to its peers Tata Chemicals, Vishnu Chemicals, Tanfac. All its peers delivered positive growth whereas it has posted profit growth in negative (-4.06%). It is also creating downside pressure on the stock
   
   

6 Nov 2023

Dagangan ditutup: sasaran tercapai

Finally Take Profit (TP) is reached after 3-4 months, exit positions