Most of the Agro based stocks except pure play fertilizer stocks have done extremely well over last 12 months. Charts don't lie. They tell what market thinks about a particular sector or stock at any point of time. Right now, charts exhibit bullish patterns and indicate that market is extremely bullish on this sector stocks. Most of these stocks show tremendous promise and should be on radar of market participants.
Market Leader: UPL
The stock has been so strong that it has hardly seen any correction. The stock looks like a must buy on any declines.
Advanta: Another Strong mover
Advanta has done very well. Last few weeks it has come off but that looks an opportunity for buy the dip crowd.
Monsanto: Trading in a range - setting a base for higher prices
Monsanto has been trading in a range between 2600 and 3600 and it's only a matter of time before stock breaks out of this range and move much much higher.
Aries Agro: Technically Attractive
Aries Agro has excellent chart. The stock has formed a double dip at 50 week ma which is generally very bullish.
When a sector as a whole is moving up - then generally stocks can surprise one on the upside. There is something happening in the sector and it seems like smart money is excited. Though optically it looks like a large part of the move is done, reality it's not. It's a sector to keep a close eye on. Please do your own due diligence before investing. I am just making an observation based on charts.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers