ParamjitMahapatro

deepak fertilisers looks bullish in short to medium term

Long
NSE:DEEPAKFERT   DEEPAK FERTILISERS
In weekly, price at horizontal support zone and hidden bullish divergence formed here.
In daily, regular bullish divergence formed here.

current correction retraced around 50% of previous rally.
sl - 273, tgt1 - 363, tgt2 - 470
Trade active: going good, after regular bullish divergence, in daily, price moving up steadily, BB is expanding and price pushing up the upper BB.
Trade active: cmp - 299.55, price has came down to retest the support zone, regular bullish divergence formed in daily, probability for double bottom here.
Comment: at cmp - 254, in weekly, price at important horizontal support zone.

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