Hi Bipin,
United Phos beautifully broke its resistance of 225 on the 12th of december. the next resistance level is 235-240 which towards the end of the week it was seeming to break. ill wait for mondays's action before i can give a call.
Anyway till then,
Buy - below 236
Target - evenetual 280+
Stop-Loss - conservative - 216
risky - 209
if you manage to pick it up below 236 as i said, try to keep jobbing this scrip. ie - sell it at say 245, then pick up again at 235-242, and so you keep booking in small profits, or reducing your buy price whichever way you look at it.
i hope this post is helpful, i said in the start i'm finding United Phos, crazy to do full-blown TA on, but a gold-mine nevertheless. sorry about not posting in the interem.
shorttermer
United Phos beautifully broke its resistance of 225 on the 12th of december. the next resistance level is 235-240 which towards the end of the week it was seeming to break. ill wait for mondays's action before i can give a call.
Anyway till then,
Buy - below 236
Target - evenetual 280+
Stop-Loss - conservative - 216
risky - 209
if you manage to pick it up below 236 as i said, try to keep jobbing this scrip. ie - sell it at say 245, then pick up again at 235-242, and so you keep booking in small profits, or reducing your buy price whichever way you look at it.
i hope this post is helpful, i said in the start i'm finding United Phos, crazy to do full-blown TA on, but a gold-mine nevertheless. sorry about not posting in the interem.
shorttermer