UPL: Price Remains Below the Weekly Trend Resistance

closed at ₹559.90 on the daily chart, down 3.47%. The stock has been in a broad decline since its January high near ₹810, and the recent recovery attempt has not yet changed that structure. Price is below the Tenkan-sen at ₹564.90 and the Kijun-sen at ₹570.40. It is also below the Ichimoku cloud, which begins near ₹567.65 and extends towards ₹589.40. This places several layers of resistance immediately above the current price. ₹550 is the first support, followed by the recent low zone near ₹540. A recovery above ₹570 would improve the short-term picture, while a sustained move above ₹589 would be required to establish a stronger reversal. Until then, the chart remains weak despite occasional rebounds.