DEEPAK FERTILISERS have been following a parallel channel for a very very long time. I have made successful trades the last 3 times.
This looks to be the 4th time.
Can see similarities all previous times RSI was coming sharply from 30 region to higher soon after touching the trendline.
Add to that the company had produced a good result this quarter.
Entry - Above 810 (wait and make sure it's not a fake out)
Target 1 - 989
Target 2 - 1140
SL - 650
Study and research the stock well before entering the trade.
This looks to be the 4th time.
Can see similarities all previous times RSI was coming sharply from 30 region to higher soon after touching the trendline.
Add to that the company had produced a good result this quarter.
Entry - Above 810 (wait and make sure it's not a fake out)
Target 1 - 989
Target 2 - 1140
SL - 650
Study and research the stock well before entering the trade.