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#Oct13 - UPL (intraday+swing)

The stock is now at the base of the channel. The W pattern indicates trend reversal. The hammer candle is a clear indication trend reversal. Confirmation of trend reversal is when it crosses the previous high. Level given below :-
  • Buy above 515.55


A Multi-time frame analysis also indicates trend reversal. The analysis is given below.

Note:
  • Avoid the stock if a big gap up or gap down is seen
  • Enter after the breakout happens and not before it
  • Do not chase the market, i.e., do not get involved in late entries
  • Only enter with strict stop-loss and target
  • This is not a recommendation and is for educational purposes only.
  • always follow risk-reward and quantity management for the 100% of the times
  • The above mentioned idea may not work, so beware of the risk you are taking


Follow me on tradingview to get such intraday and swing picks everyday.
Happy Trading!!
Chart PatternshammercandleintradayswingtradingTrend AnalysistrendreversalUPLWave Analysis

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