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⭐️ Ultra Equity Advice 144 | Buy

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

Capital Allocation
1. Tata Chemicals 30%
2. PI Industries 25%
3. Kaveri Seed 25%
4. Exide Industries 20%

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

  1.   Tata Chemicals – 30,000/-
  2.   PI Industries – 25,000/-
  3.   Kaveri Seed – 25,000/-
  4.   Exide Industries – 20,000/-

POSITIONAL TRADING ADVICE - Stock # 1

 BUY   Tata Chemicals (NSE: TATACHEM)
Capital Allocation – 30%

TATA CHEMICALS STOCK RECOMMENDATION

CP# 296.9
Idea BUY
Buy Range 290 – 296
Target 309 – 316
StopLoss* 285
Duration 8 – 10 Trading Days
Potential Returns^ 5 – 8%
CP# Idea Buy Range Target StopLoss* Duration Potential Returns^
296.9 BUY 290 – 296 309 – 316 285 8 – 10 Trading Days 5 – 8%

# CP – closing price on 07 Sep 2020.
Once 1st target hit, reset StopLoss at 303.
^ Potential returns are calculated based on the median of buy range.

TATA CHEMICALS TRADING UPDATE - POSITION & ACTIVITIES

POSITIONAL TRADING ADVICE - Stock # 2

 BUY   PI Industries Ltd (NSE: PIIND)
Capital Allocation – 25%

PI Industries STOCK RECOMMENDATION

CP# 1879.45
Idea BUY
Buy Range 1815 – 1845
Target 1950 – 1970
StopLoss* 1770
Duration 10 – 12 Trading Days
Potential Returns^ 7 – 8%
CP# Idea Buy Range Target StopLoss* Duration Potential Returns^
1879.45 BUY 1815 – 1845 1950 – 1970 1770 10 – 12 Trading Days 7 – 8%

# CP – closing price on 07 Sep 2020.
Once 1st target hit, reset StopLoss at 1915.
^ Potential returns are calculated based on the median of buy range.

PI Industries TRADING UPDATE - POSITION & ACTIVITIES

POSITIONAL TRADING ADVICE - Stock # 3

 BUY   Kaveri Seed Company (NSE: KSCL)
Capital Allocation – 25%

KAVERI SEED STOCK RECOMMENDATION

CP# 572
Idea BUY
Buy Range 564 – 572
Target 600 – 605
StopLoss* 550
Duration 10 – 12 Trading Days
Potential Returns^ 6 – 7%
CP# Idea Buy Range Target StopLoss* Duration Potential Returns^
572 BUY 564 – 572 600 – 605 550 10 – 12 Trading Days 6 – 7%

# CP – closing price on 07 Sep 2020.
Once 1st target hit, reset StopLoss at 586.
^ Potential returns are calculated based on the median of buy range.

KAVERI SEED TRADING UPDATE - POSITION & ACTIVITIES

POSITIONAL TRADING ADVICE - Stock # 4

 BUY   Exide Industries (NSE: EXIDEIND)
Capital Allocation – 20%

EXIDE INDUSTRIES STOCK RECOMMENDATION

CP# 161.25
Idea BUY
Buy Range 158 – 161
Target 168 – 171
StopLoss* 155
Duration 8 – 10 Trading Days
Potential Returns^ 5 – 7%
CP# Idea Buy Range Target StopLoss* Duration Potential Returns^
161.25 BUY 158 – 161 168 – 171 155 8 – 10 Trading Days 5 – 7%

# CP – closing price on 07 Sep 2020.
Once 1st target hit, reset StopLoss at 165.
^ Potential returns are calculated based on the median of buy range.

EXIDE INDUSTRIES 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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