Let’s talk about UPL today. UPL Ltd. engages in the business of agro chemicals. Looking at its stock, technical charts are looking interesting. First let’s see its weekly chart. Weekly charts are indicating breakdown in the stock price. From past 6 months it was holding at its support zone near 695.
So how we can take positions.. we can wait for a pullback and take short side sell entry close to 695. Our first target will be near 630 and then it can go upto 525. Stop loss can be of 15-20 points. Once it touches 630, keep trailing your SL. Time frame 3-4 months. Happy Trading.
