UPL


Following observations can be made:

1. Breakout from Triangle at 9:40, so took an entry at the price 748.70 with 350 qty

2. Price also went below the previous day's low, giving an additional confirmation that there could be potential downward rally.

3. Breakout happened before 12:30, so target can be 2nd support price i.e. 731.45

4. Stop loss is just few points above the black line inside the triangle i.e. 767.95




Update at 10:25

There is no support zone anywhere near our target, hence we can hold on to our position.




Update at 12:00

WE can observe in the above chart, buyers are showing strong support in the above plotted line. If there is again struggle, which leads the price to go up higher again then I am going to exit. If there is no struggle, I am going to hold my position



Update at 12:15

1. We can see that the price is struggling to go down displaying strong buyers support hence had to exit at 733.50 which is just 2 points lesser than the target set.

2. Profit - ( 748.70 - 733.50 ) * 350 = 5320