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UPL showing a breakout from symmetrical triangle pattern

Panjang
UPL LTD (NSE:UPL)  
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NSE:UPL   UPL LTD
Chart Patterns Triangle UPL Symmetrical Triangle
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chartpattern triangle upl symmetricaltriangle
UPL is showing a good breakout from symmetrical triangle pattern after consolidating for more than 3 months. Even the volume was good on the breakout day i.e. 8th Jan. It could reach 600 levels from the current market price. There is a small resistance near 520-525 level and further it might face resistance near 600 level. Let's see how this pan out.
Disclaimer: - These views are for educational purpose only and not a recommendation.
Komen:
Risk averse trader can book some profit in this trades since UPL has given a good move in few days and is near its resistance level. It might consolidate at 550 level before moving further.
Dagangan ditutup: sasaran tercapai:
UPL achieved it's target of 600
Penafian

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