We recommend three stocks here and suggest to diversify the trading capital in the following way:
| Capital Allocation | |
| 1. Usha Martin | 35% |
| 2. Chambal Fertilizers | 35% |
| 3. United Phosphorus | 30% |
Hypothetically, ₹1,00,000 /- (1 Lakh) capital should be diversified in this way:
- Usha Martin: 35,000/-
- Chambal Fertilizers: 35,000/-
- 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
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.