UPL has formed 2 big down bars on Daily and was looking weak. But stock was top gainer thru the day ( Great )
Coming to Intraday Chart of UPL today - 5 min TimeFrame
UPL had a pullback low at 893.75 in Futures and that level was below Day VWAP as well. It was a good short trade below that swing low for test of the Gap it had created from Yesterday close.
UPL short trade taken right at that level for test of lower levels, trade is closed for now.
This is who i trade intraday, always focusing on the larger context and what the bigger trend of the stock is. These kind of trades provide greater clarity in terms of risk and expectations.
You can join me live from 1st July via Traders Club and learn & discuss various stocks / Index trades that are done thru the day.
Traders Club - Starting from 1st July 2019. You will be able to learn how only technical analysis is not enough, there are many other aspect to trading including discipline , position sizing , psychology & most important behavioral finance. https://www.indianstockss.com/tradersclub