2025-12-10 10:56:37 am | Source: Religare Broking Ltd
Trade Idea of The Day : UPL for Target Rs 760 by Religare Broking Ltd
UPL
Buy UPL Entry Range 738-740 Target Range 760 Stop Loss 728
Rationale
* The stock price witnessed a rebound from the 730 level, which aligns with the long-term moving average of the 50-Day EMA, indicating sustained bullish momentum.
* The formation of higher highs and higher lows on the daily chart reinforces a bullish continuation setup for the upcoming session.
* The RSI hovered near the 50 mark, signalling strength in the prevailing trend.
* On the monthly chart, the MACD continued to trade in a bullish trajectory, affirming a positive bias in the price action..
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
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