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Price and trend forecast of UPL for Tomorrow, Weekly, Monthly

UPL Limited

Symbol: NSE:UPL

ISIN: INE628A01036

502.05

As on 2024-04-12

447.80 (52W Low) 759.95 (52W High)

UPL's Today's Performance

UPL Limited started the day by opening at 505.55 today 2024-04-12. Its shares reached a high of 511.10 and dipped to a low of 500.50 in intraday. When the markets closed, UPL’s stock price settled at ₹502.05 per share. Also check out its key support and resistance levels.

UPL Buy/Sell Targets

Tomorrow, sell UPL when its price reaches ₹ 502.05 with a stop-loss order at ₹ 508.70. You can set the target price as ₹ 495.40 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of UPL for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for UPL

Resistance Levels Value in ₹
Tomorrow Resistance 1 509
Tomorrow Resistance 2 515
Tomorrow Resistance 3 519

Important Supports for UPL

Support Levels Value in ₹
Tomorrow Support 1 498
Tomorrow Support 2 494
Tomorrow Support 3 487
Based on where the stock opens tomorrow, if UPL opens on a positive note, our first target will be ₹509. If Target 1 is achieved, we will aim for Target 2 which is ₹515.

But if UPL falls below the average value of ₹504.55, you can enter a sell side position with target number 1 - ₹498 and second target - ₹494 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of UPL

Looking at UPL, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, UPL has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for UPL is moderate bullish.

Tomorrow's Volume based share price Forecast for UPL

UPL's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -38%.

Reversal detection for UPL

Predicted trend chart of UPL tomorrow for price forecast
UPL may trend may continue to be bearish since stock is making lower low and we can get target of ₹501 in morning tomorrow
Target 1 tomorrow509
Target 2 tomorrow511
Target 3 tomorrow515
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with UPL's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if UPL opens on a positive note, our first target will be ₹508.60. If Target 1 is achieved, we will aim for Target 2 which is ₹515.15.

But if UPL falls below the average value of ₹504.55, you can enter a sell side position with target number 1 - ₹498.00 and second target - ₹493.95

UPL's Weekly Targets
1st Up Target 514.42
2nd Up Target 526.78
1st Down Target 486.37
2nd Down Target 470.68

As the week for UPL ended on bullish sentiments, we can expect further continuation of this sentiment. UPL's initial target will be 514.42 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 486.37 in the upcoming week.

Weekly OHLC Values
Open 500.55
High 511.10
Low 483.05
Close 502.05

Week for UPL started with an open price of 500.55, and the close was at 502.05. UPL reached the highest of 511.10 and dipped lowest up to 483.05 last week. This indicates a bullish sentiment for the week.

UPL full month swing targets
Monthly Up Target 1 542.47
Monthly Up Target 2 554.83
Monthly Down Target 1 458.32
Monthly Down Target 2 414.58

Targets of ₹542.47 can be expected to be reached in the coming month. Once UPL achieved this target, we can aim for the next upside target of ₹554.83.

UPL if fails to hold upside, down targets of ₹458.32 and ₹414.58 can be achieved by end of this month.

For complete three weeks if UPL is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

UPL is expected to reach the target of 508.60 in tomorrow's trading session.

After achieving the initial target in UPL, we will aim for higher targets of 515.15 tomorrow.

However, if UPL starts to trade below ₹504.55, then we will shift our focus to the sell side and aim for down targets of 498.00 and 493.95.