UNITED PHOSPHORUS
- UNITED PHOSPHORUS has made a bearish breakout in daily chart, stock closes below its trend line support zone, as shown in graph no 1. As long as stock trades below it will favor bears.
- Daily chart indicates if stock falls further from current levels then stock to find next strong fibonacci retracement support around 290.
- Suggested Reading - ZEE ENTERTAINMENT falling from resistance , now testing strong 200 days moving average support.
- UPL daily chart also indicates that stock is now trading below 50 days moving average, this indicates as long as trades below it will favor bears. Even UPL major trend indicator MACD is moving in negative zone and now gone below level zero this indicates further weakness is expecting.
- Click here to see all the free trading reports (tips) published by us on UNITED PHOSPHORUS.
- NSE Intraday Tips
No comments:
Post a Comment