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Rakesh Madhav CFA

20th Jan · SEBI-Registered Analyst

UPL: Breakdown Shock or Bear Trap in the Making?

UPL
What stands out Sharp breakdown from a prior range with heavy selling candle RSI slipped into oversold territory quickly Volume spike suggests panic or forced unwinding Price now sitting near a make-or-break support zone Why it matters UPL is at a decision point, not a clean trend yet. The recent sell-off looks emotional rather than orderly, which often leads to either a dead-cat bounce or a high-probability bear trap if price reclaims key levels. Aggressive traders will watch for reversal confirmation, while positional players should wait for structure repair. This is not weakness to chase blindly — it’s volatility to read carefully

#TechnicalViews#FundamentalViews#EquityResearch
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