Deepak fertilizer looks strong
Updated
Deepakfert is looking ready for an upmove. It has bounced after taking support thrice from a strong trend line. It has also broken out from downtrend. RSI is now above 50 which also gives the same signal.
The stock looks strong if it gives a closing above 650-660 levels which is its 30 DEMA for about 10% upmove.
THis is my personal analysis only for educational purposes.
The stock looks strong if it gives a closing above 650-660 levels which is its 30 DEMA for about 10% upmove.
THis is my personal analysis only for educational purposes.
Note
Took resistance from 660 levels. Keep in watchlist.Note
Formed a double top at 660 in 1 hr time frame but has given a good closing today.Above 662, stock might move well in intraday.
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