The stock of upl has been in an uptRend since early 2025. It is established the bull run on the back of the support at ₹ 500. It rose to Hit a fresh 52-wheelk high of ₹ 698.85 on May 12. But after this, the stock witnessed a price correction.
However, the chart shows that the stock has been moving a risk channel in the recent months, and it recently rebounded from the lower boundary.
Also, the broader uptrend remains valid. Thus, The Probability of Further Rally, potentially to ₹ 710 in the Near Term, is high. Buy at ₹ 646 and Accumulate at ₹ 630. Place Stop-Loss at ₹ 610. Raise the stop-level ₹ 640 when the price hits ₹ 670. On a rally to ₹ 685, Tighten the stop-Loss Further to ₹ 665. Book Profits at ₹ 710.
(Note: the recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on June 6, 2025