UPL Ltd–CMP - ₹445.80 Dt.–27-07-2020
On a daily chart, the stock is giving respect to the trend line as well as to the 21DEMA. 3 times stock has taken the support of the trend line and bounced back. In the last trading session, the stock has given a slight close below the trend line but above the 21DEMA. It looks like if stock started moving up then it will face the resistance at ₹460.55 and then ₹470.30. If stock follows the trend and moves down, then it can take support at ₹439.15 and then ₹422.50.
RSI and CCI are neutral however the MACD has given the sell signal.
On a daily chart, the stock is giving respect to the trend line as well as to the 21DEMA. 3 times stock has taken the support of the trend line and bounced back. In the last trading session, the stock has given a slight close below the trend line but above the 21DEMA. It looks like if stock started moving up then it will face the resistance at ₹460.55 and then ₹470.30. If stock follows the trend and moves down, then it can take support at ₹439.15 and then ₹422.50.
RSI and CCI are neutral however the MACD has given the sell signal.