Not positive on United Phosphorus, buy McDowell: Ashwani Gujral

In an interview with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks about Adani Enterprises and United Phosphorus.

Adani Enterprises and United Phosphorus how would you look at these two stocks on the charts?

United Phosphorus was already a fairly weak stock and it had significant support around only 145-150 kind of zone. Basically this stock is already done a lot, so around 145 odd levels you could see some kind of consolidation happening. On the upside needs to cross probably levels of 162 properly before it moves up further. McDowell again high beta kind of stock it can fall a bit more, it had gone up quite a bit so may be 1050-1100 could be possible on McDowell.