UPL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.7

Here’s a detailed technical analysis of UPL Ltd (UPL)

📊 Trend Overview

Current Trend: UPL is in a mild uptrend, recovering from its 52-week low of ₹484 and stabilizing near key moving averages.

Price Action: Trading at ₹699, slightly above the 50-DMA (₹696) and well above the 200-DMA (₹646), indicating medium-term bullish bias but short-term indecision.

📈 Momentum Indicators

RSI (48.4): Neutral zone, suggesting lack of strong momentum. Not overbought or oversold.

MACD (-0.66): Slightly negative, indicating weakening momentum and potential for short-term consolidation.

Volume: Current volume (31.59 lakh) is significantly above the 1-week average (24.21 lakh), showing increased activity and potential accumulation

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📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 696 Support

200-DMA 646 Strong Support

Current Price 699 Above both DMAs

📌 Bollinger Bands

Price is near the middle band, suggesting consolidation.

A breakout above ₹705–₹710 could trigger a rally toward ₹730+.

🧭 Support & Resistance Zones

Immediate Support: ₹685–₹690 zone

Major Support: ₹660–₹670, then ₹646 (200-DMA)

Immediate Resistance: ₹705–₹710 zone

Major Resistance: ₹730–₹741 (52-week high)

🎯 Entry & Exit Zones

Optimal Entry: ₹685–₹695 (on pullback with MACD flattening)

Exit Zone: ₹730–₹741 (first resistance), ₹760+ if momentum builds

🔍 Conclusion

UPL is consolidating near short-term support with mixed momentum signals.

RSI is neutral, MACD is slightly bearish, but volume suggests underlying interest.

A breakout above ₹710 with volume and MACD crossover could confirm trend continuation.

Until then, expect range-bound movement between ₹685 and ₹710.

Let me know if you’d like a comparison with other agrochemical stocks like PI Industries or Bayer CropScience!

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