1. UPL has last four days support and the low of candle of 16th September 2023 which is 556 and is marked by a green horizontal line.
2. Has the resistance at the high of this candle at 563.7.
3. In the daily chart, it has made a base of three hourly candles also.
4. Buy only when yesterday's candle 11-20-23 11:47 AM provides support.
5. The good thing is that for the Indian Market, there are two candles today.
(a) Pivotal Candle is 11-21-23 9:56 AM
(b) The other candle is 11-21-23 2:22 PM.
So, whatever trend is created by 9:56 AM candle is going to prevail till 2:22 p.m. If, therefore, market is positive which is much likely in case of UPL, buy and sell at 2:22 PM. or vice versa.
Have control on your nerves and trade mechanically, don't allow emotions to creep in.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you
