Technical Pick - UPL
UPL forming ascending triangle pattern on 4 hour chart having breakout point at 750.50.
UPL has resistance at 750.50 , Break and sustain above 750.50 will take it to 780--800 and then to 820++ mark in days to come, else could touch its support level of 725.00
Fresh selling can be initiated below 725.00 only.
MACD showing positive divergence and trading above 0 centered line which indicate upside momentum is certain in it.
Trading Recommendation(27th Dec 2017)
Buy UPL above 750.50 with stop loss below 725 on closing basis for the initial target of 780--800 and then to 820++ mark
