Derivatives strategy on UPL by Nandish Shah, Technical & Derivatives Analyst at HDFC Securities:
Stop loss of Rs 638
Target Rs 675
The stock price is trading above its all-important short-term moving averages (5 and 20 DMA) Indicating a bullish trend for the short term
The stock price is making bullish higher top higher bottom formation on the weekly line chart
Oscillators are also Indicating strength in the stock for the short to medium term
Disclaimer: The analyst may have position in the stock mentioned above.