The stock of UPL has been in an uptrend since early 2025. It established the bull run on the back of the support at ₹500. It rose to hit a fresh 52-week 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 across a rising 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-loss to ₹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
Source link
