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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/-

 Verify Ultra Equity Advice 142

To verify our authenticity and credibility, do check the trading position update and recommendation timestamp. Be assured such records are permanent and irreversible.

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

  • 25 August 2020

    Goodluck Capital Recommendation
    ⭐️ Ultra Equity Advice #142 - Usha Martin

  • 27 August 2020

    Trade closed: target reached
    🎯 Target hit ₹ 31.2

  • 27 August 2020

    Comment
    ✔️ Return +20%

 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

  • 25 August 2020

    Goodluck Capital Recommendation
    ⭐️ Ultra Equity Advice #142 - Chambal Fertilizers

  • 1 September 2020

    Trade closed: stop reached
    Stoploss hit ₹ 148

  • 1 September 2020

    Comment
    ⭕️ Return -5%

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

  • 25 August 2020

    Goodluck Capital Recommendation
    ⭐️ Ultra Equity Advice #142 - UPL

  • 17 Septetmber 2020

    Trade closed manually
    Sell at ₹530

  • 17 Septetmber 2020

    Comment
    ✔️ Return +7.7%

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

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit 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, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

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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