#UPL

UPL Ltd - Monthly Chart Analysis

Current Price: ₹647.50 (+7.25%)
Open: ₹609.80 | High: ₹658.25 | Low: ₹594.45 | Close: ₹647.50

Key Observations

Strong Monthly Breakout: The stock has given a strong bullish close above previous resistance near ₹570-600.
Reclaiming Higher Levels: After a prolonged downtrend, UPL is now showing strong buying interest.
Next Resistance: ₹700-720 zone, which acted as resistance in the past.
Support Zone: ₹570 (recent breakout level), which may act as a retest area if the stock pulls back.

Momentum & Outlook

Bullish Bias: As long as the stock holds above ₹600, the uptrend remains intact.
Volume Confirmation Needed: If backed by strong volumes, this breakout could lead to a sustained rally.
Caution if Below ₹570: A breakdown below ₹570 would invalidate the bullish structure.