United Phosphorus is kind of going through a correction: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com (Technical Check), in a chat with ET Now, gives his call on United Phosphorus.

What is the call on United Phosphorus?

United Phosphorus started moving higher from 125. Now it’s kind of going through a correction. This correction could take it back towards 145-147 but overall it seems that it has done its downside and will find support higher than those 125 levels that it tested earlier. This current rally is over, now you need to look for a fresh support.