UPL is in a short term down trend with
a close of Rs. 181.70 /- today. This stock
is in a strong uptrend and we are in a correction of that bigger uptrend. Which
we assume that is a tradable opportunity of course with a strict Stop Loss. A short
position can be initiated for the
targets of Rs. 177 /- and Rs. 174 /-. A strict
and closing basis Stop Loss can be maintained at Rs. 186 /-.
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