UPL – On Verge of Neckline Breakout After 4.5-Year ConsolidationUPL LimitedNSE:UPLYogesh_35UPL is showing a classic rounding bottom structure formed over the last 4.5 years, signaling a potential major trend reversal on the long-term chart. The price is now hovering near the neckline resistance, and a decisive breakout above this zone could ignite strong momentum ahead. 🔹 Technical Setup: Timeframe: Weekly Pattern: Rounding Bottom / Multi-year base Structure Duration: ~4.5 years Neckline Zone: ₹840–₹860 Current Action: Price consolidating just below neckline with rising volume, indicating accumulation before breakout Moving Averages: Price sustaining above major MAs — showing strength RSI: Trending upward, no signs of divergence Volume: Noticeable spike on recent green candles, confirming participation 🎯 Levels to Watch: Breakout Zone: ₹860+ Targets (Post-breakout): ₹940 / ₹1020 / ₹1150 (multi-month perspective) Support: ₹780–₹800 (swing support) Invalidation: Close below ₹770 💡 View: Stock looks poised for a major breakout after long consolidation. Sustained move above neckline can trigger trend reversal and fresh uptrend leg. Positional traders can initiate longs on breakout confirmation with volume support. 📈 Bias: Bullish | Strategy: Go long on breakout retest