Technical Update: UPL Future November Series closed on strong note on Wednesday's trading session. After opening at 331.90 it made lows of 330.10 and moved sharply up to make intraday high of 353 and closed the day at 350.05. On daily chart the stock is showing high momentum on upside. The price moved and broke out above the range of three previous trading sessions on higher volume.
Trend: Short term trend up, medium term trend & primary trend are up with strong supports @ 330
RSI: RSI is trading at 56.08. From chart above one can clearly see the momentum is in favor of bulls for this counter. Traders holding shorts should be cautious and use stops for their positions.
No comments :
Post a Comment