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⭐️ Ultra Equity Advice 142 | Buy

We recommend three stocks here and suggest to diversify the trading capital in the following way:

Capital Allocation
1. Usha Martin35%
2. Chambal Fertilizers35%
3. United Phosphorus30%

Hypothetically, ₹1,00,000 /- (1 Lakh) capital should be diversified in this way:

  1.   Usha Martin:  35,000/-
  2.   Chambal Fertilizers: 35,000/-
  3.   United Phosphorus: 30,000/-

POSITIONAL TRADING ADVICE - Stock # 1

 BUY   Usha Martin Limited (NSE: USHAMART)
Capital Allocation – 35%

Usha Martin STOCK RECOMMENDATION

CP# 25.85
Idea BUY
Buy Range 25 – 26.2
Target 28 – 29
StopLoss* 24
Duration 15 – 20 Trading Days
Potential Returns^ 9 – 13%
CP# Idea Buy Range Target StopLoss* Duration Potential Returns^
25.85 BUY 25 – 26.2 28 – 29 24 15 – 20 Trading Days 9 – 13%

# CP – closing price on 24 Aug 2020.
Once 1st target hit, reset StopLoss at 27.
^ Potential returns are calculated based on the median of buy range.

USHA MARTIN TRADING UPDATE - POSITION & ACTIVITIES

POSITIONAL TRADING ADVICE - Stock # 2

 BUY   Chambal Fertilizers Limited (NSE: CHAMBLFERT)
Capital Allocation – 35%

CHAMBAL FERTILIZERS STOCK RECOMMENDATION

CP# 156.55
Idea BUY
Buy Range 153 – 156
Target 165 – 170
StopLoss* 148
Duration 10 – 12 Trading Days
Potential Returns^ 7 – 10%
CP# Idea Buy Range Target StopLoss* Duration Potential Returns^
156.55 BUY 153 – 156 165 – 170 148 10 – 12 Trading Days 7 – 10%

# CP – closing price on 24 Aug 2020.
Once 1st target hit, reset StopLoss at 161.
^ Potential returns are calculated based on the median of buy range.

CHAMBAL FERTILIZERS UPDATE - POSITION & ACTIVITIES

POSITIONAL TRADING ADVICE - Stock # 3

 BUY   United Phosphorus Limited (NSE: UPL)
Capital Allocation – 30%

UPL STOCK RECOMMENDATION

CP# 497.4
Idea BUY
Buy Range 490 – 498
Target 550 – 560
StopLoss* 475
Duration 12 – 15 Trading Days
Potential Returns^ 11 – 13%
CP# Idea Buy Range Target StopLoss* Duration Potential Returns^
497.4 BUY 490 – 498 550 – 560 475 12 – 15 Trading Days 11 – 13%

# CP – closing price on 24 Aug 2020.
Once 1st target hit, reset StopLoss at 524.
^ Potential returns are calculated based on the median of buy range.

UPL TRADING UPDATE - POSITION & ACTIVITIES

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

ANALYST SUMMARY

This research analysis is prepared by Arijit Banerjee, CMT, CFTe. An engineering graduate developed an early interest in Trading since the age of 20. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts (IFTA), USA. His contribution to the market research was recognized by SEBI, the Regulatory Body of Indian financial market and given him the registration number INH300006582 as a Research Analyst. Over the years, he has gained experience in Portfolio Management with a demonstrated history of working in different asset classes.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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