UPL is currently trapped in a defined consolidation zone between ₹653 and ₹699. Price action is compressing within a parallel channel, and a breakout or breakdown will decide the next strong directional move. Watch closely for breakout confirmation or failure near current levels.
📌 Key Technical Highlights:
Consolidation Range: ₹653.40 – ₹699.45
Breakout Zone: Above ₹699.45
Breakdown Trigger: Below ₹617.25
Currently at mid-channel support and Fib retracement level
All-Time High zone marked near ₹829.40
Strong buying interest seen above ₹653
🎯 Upside Target Levels:
₹699.45
₹742.50
₹788.55
₹832.45
All-Time High: ₹829.40
Extended Target: ₹914.65
⚠️ Downside Risk Levels (if breakout fails):
₹617.25 (critical support)
₹591.85
₹566.45
₹535.00
₹484.25 (major breakdown zone)
📈 Strategy Outlook:
Bullish Plan: Buy breakout above ₹699.45 with high volume; trail stop-loss near ₹653.
Bearish Setup: Breakdown below ₹617 could lead to fast downward momentum.
Safe Zone: Accumulate gradually inside consolidation only if price respects ₹653 base.
🛡️ Disclaimer:
We are not SEBI-registered analysts. This analysis is for educational purposes only. Always consult your financial advisor before making any trading or investment decisions.
📌 Key Technical Highlights:
Consolidation Range: ₹653.40 – ₹699.45
Breakout Zone: Above ₹699.45
Breakdown Trigger: Below ₹617.25
Currently at mid-channel support and Fib retracement level
All-Time High zone marked near ₹829.40
Strong buying interest seen above ₹653
🎯 Upside Target Levels:
₹699.45
₹742.50
₹788.55
₹832.45
All-Time High: ₹829.40
Extended Target: ₹914.65
⚠️ Downside Risk Levels (if breakout fails):
₹617.25 (critical support)
₹591.85
₹566.45
₹535.00
₹484.25 (major breakdown zone)
📈 Strategy Outlook:
Bullish Plan: Buy breakout above ₹699.45 with high volume; trail stop-loss near ₹653.
Bearish Setup: Breakdown below ₹617 could lead to fast downward momentum.
Safe Zone: Accumulate gradually inside consolidation only if price respects ₹653 base.
🛡️ Disclaimer:
We are not SEBI-registered analysts. This analysis is for educational purposes only. Always consult your financial advisor before making any trading or investment decisions.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.