Stock of the day : UPL Ltd For Target Rs. 678 - Religare Broking Ltd

UPL Ltd
Buy UPL Ltd CMP 643.75 Range 642-644 SL 626 Target 678
* The stock witnessed renewed buying interest gaining strength from its corrective phase.
* It has marked a double bottom formation on the daily charts which is a bullish formation and prices are likely to attract more upside in near term.
* Prices are now taking strong support of important short to medium term EMAs e.g. 21, 50 and 100 which reinforces the positive momentum.
* One can consider taking long position at the mentioned levels
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