Tuesday, April 18, 2017

UPL, very good buying opportunity

UPL nse daily chart

UPL nse monthaly chart 
     I attached daily and monthly chart of United Phosphorus Ltd ( UPL ) here. this company was established in 1969 and now one of the top companies in the world in its segment. It is among largest exporter of agrochemical from India and exported its product to more than 100 countries.
     Technically this stock is in uptrend since 2013 onward and still long way to go. Uptrend has just started. 
     There is lot of analysis to write but I will not write anything. Just saying that, this is very good buy at any price, in any uptrend or down trend. No need to see nifty movement or any war or other international happening. Just buy it.
     Short term tgt is around 1000 rupees and long term ( 18 month ) tgt is around 3000 rupees. CMP is Rs 770 around. It broke resistance of 747 today and fly up to cmp 770. This is not end but a start of new spike or upward blast.
     Thank you, Jay Shriram.

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