United Phosphorous on a roll right now: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about United Phosphorous.

What about United Phosphorous?

It did that breakout in late April and since then, small period of consolidation, move up from the consolidation, rising again, fairly classic chart pattern that is easy to find but rare to actually see happening in practice. So this is doing it, this is in a pretty good uptrend heading now towards its lifetime high which is around a little over 200. This is on a roll right now, certainly a hold. It will depend a little bit on how the market pans out ahead.