UPL Ltd: Higher Lows and Sustained Uptrend Formation

UPL Ltd is currently trading in a constructive uptrend pattern after completing a prolonged downtrend in 2023. The stock has been forming higher lows and higher highs on the weekly chart. Chart Insights: ✅ Trend Reversal: UPL staged a strong reversal from its 2024 lows near ₹460–₹470. The stock has since been forming a sequence of higher lows, supported by the rising trendline. ✅ Support Retest: Recent price action shows a healthy retest of the breakout zone around ₹633, with the stock bouncing back to ₹642.85 this week. The previous resistance (~₹630–₹640 zone) now acts as support. ✅ ATR Trailing Stop: The stock continues to respect the ATR trailing stop level, indicating that the current uptrend remains intact. ✅ Volume: Recent consolidation has seen declining volume, followed by a renewed uptick, signaling that buyers are returning at key support levels. Key Levels to Watch: Immediate Support: ₹633 Trend Support: Rising trendline currently near ₹600 Upside Targets: ₹675–₹700 zone (recent swing high), followed by ₹725 Bias: Positive as long as it holds above ₹600 trend support. Conclusion: UPL Ltd is displaying a classical trend reversal and accumulation pattern. A sustained move above ₹675 can open further upside, while dips toward ₹633–₹600 offer buying opportunities in line with the emerging uptrend. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned.