The chart for UPL indicates a recent breakout above the previous high of 580.3, reaching a new high at 604, with the current price near 598.35. Here's a concise analysis of the upcoming potential:
Uptrend Resumption: The breakout above 580.3 suggests the continuation of the uptrend, with momentum likely to push prices higher.
Support Levels: Key support levels are at HL 522.3 and LL 520. Any pullback toward these levels could provide buying opportunities.
Resistance and Target: The next resistance level is psychological at 610, with potential targets around 620 if momentum sustains.
Momentum Signals: Watch for strong green candlesticks and volume spikes, confirming bullish strength for further upward moves.
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