UPL shows potential for an intraday setup as it has recently broken its rising trendline support. However, the current bearish candle lacks strength. A strong bearish candle breaking the trendline could signal a shorting opportunity, targeting the 200 EMA or a marked zone. Conversely, a long opportunity may arise if the price surpasses the 564-565 area. Traders should closely monitor the price action for a decisive move before making any trading decisions.
