UPL(United Phosphorus Limited) expecting a short term run(Technical Analysis Mumbai India Trading.)

Nifty is currently moving slowly and cautiously. In these times to hunt a stock with a bullish position is difficult and risky. But then there are stocks which show tremendous technical charts tempting us to take short term positions. And once a stock which is showing great technical indicators.

The first great technical indicator is the support on a confident trendline. If you see the trendline in the below figure it has been touched multiple times.  

The second indicator which adds more to the confidence is a strong RSI. 

The stochastic are in the oversold territory and crossing each other. Which is a strong indication of a short term rally.

You can expect a 5% rally in the coming weeks. All these recommendations are given on the basis of a very simple formula which we have designed in www.tradingkamai.com  and if you wish to take training for the same please call on 022-66752917.

See syllabus for Technical analysis training in Mumbai,India.

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