Stock Pick: Short Term Holding

There are two stocks for short term holding from NIFTY 50:-

• Reliance

• UPL

• This stock has consolidated since a very long period of time. It has formed a descending triangle pattern (which is bilateral in nature).

• If it gives breakout on the above side, then you can buy above @2040

• It has potential after the breakout to reach @2340 in the next couple of week that only depends on the momentum of the breakout almost 15% ROI from the breakout level.

Entry above @2040

Stop Loss @1904

Target @2340

Why trade this stock?

• This stock has been in a downtrend since July-19. Now its showing reversal of it.
• The most crucial support level @405 where it has taken multiple time support again the price has taken support and trying to reverse from its initial trend.
• If it breaks @507 level then it has the potential to reach @698 levels ROI 38%

Entry @507

Stoploss @444

Target @698

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