19-Aug-2023
UPL : CMP is 578. Watch soon for buying opportunity as ITM PE & OTM CE option writer seems to be closing their positions.
ITM PE change in open interest is -ve and
OTM CE volume traded is high but change in open interest is either negligible or -ve
this stock seems to be getting ready to bounce from 520 to 580 range all the way upto to 660+.
Watch this stock for accumulation opportunity at lower levels book profits at 650+ levels upto 674.
Best buy in UPL is at 551
Best sell is at 649
keep SL at 485
R:R is 1:1.5 approx
