UPL has formed a head and shoulders pattern on the daily chart with significant volume, indicating a potential bearish trend. The stock is also forming lower highs, reinforcing the weakness in price action.Mandar Bhojane, Derivatives Analyst at Choice Broking, believes that this breakdown suggests that the stock may continue its downward momentum in the near term, with potential downside targets at Rs 590 and Rs 580, provided it sustains below
