UPL - TREND REVERSAL INDICATION - SWINGTRADE

The stock is now at the base of the channel. A rejection candle is formed in the daily timeframe indicating a bullish trend reversal from here.
The hammer candle is a clear indication trendreversal. Confirmation of trend reversal is when it crosses the previous high. Level given below :-

• Buy above 515.55
  
  Note:
  
• Avoid the stock if a big gap up or gap down is seen
  
• Enter after the breakout happens and not before it
  
• Do not chase the market, i.e., do not get involved in late entries
  
• Only enter with strict stop-loss and target
  
• This is not a recommendation and is for educational purposes only.
  
• always follow risk-reward and quantity management for the 100% of the times
  
• The above mentioned idea may not work, so beware of the risk you are taking
  
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