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Technical breakout fuels optimism as agrochemical major sets new peak
UPL shares have hit a new record high after a technical breakout, with analysts seeing scope for further upside if momentum and volumes remain strong.
Shares of have moved into uncharted territory after breaking out of a month long consolidation phase, hitting a fresh record high in December. Technical analysts note that the stock had traded within a narrow band since November, with strong resistance around ₹776 and support near ₹730. The decisive breakout above this range has strengthened bullish momentum on daily charts.