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Previously on UPL we noticed static Downtrend from the level of 673 and that Downtrend continued for a bit long.

Currently we are expecting the same Downtrend will continue for next 2-3 days as par our Technical and Statistical Analysis.

Enter into the market after the clear trend defined into 5 Min Time frame and wait until formation of 2 Continues Red Candles in the downside.

Entry,Target and Stop Loss :

Entry : Anywhere below 611
Targets : 589, 587, 586.5
Stop Loss : 627.65

This Targets are based on my Risk Appetite. Put Stop Loss and Take Profit targets according to your own Risk Appetite if possible.

Happy Trading. :-)

Note :

Trading foreign exchange and stocks on margin carry a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange or stocks you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your initial investment. You should be aware of all risks associated with stock and foreign exchange trading and seek advice from an independent financial divisor if you have any doubts. I am not a licensed financial advisor and this content is not financial advice.