DEEPAKFERT | Cup and Handle Breakout |Retest | Daily
Here's the **technical analysis** for **Deepak Fertilisers (DEEPAKFERT)**
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### 📝 **Technical Analysis – Deepak Fertilisers (Daily Timeframe)**
**Date:** May 28, 2025
**Pattern Identified:** ✅ *Cup and Handle Breakout*
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### 1. **Chart Pattern Overview**
* A textbook **Cup and Handle** formation is complete.
* Price has **broken out** above the neckline resistance of **₹1327**, with strong bullish momentum.
* This breakout signals the potential beginning of a **fresh uptrend**.
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### 2. **Volume Confirmation**
* **Breakout candle is supported by high volume**, indicating genuine buying interest.
* Volume has surpassed the 20-day moving average — a critical confirmation for pattern reliability.
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### 3. **Price Action Summary**
* Price action shows a prolonged base, forming the cup.
* The handle showed minor consolidation before the breakout.
* Breakout level: ₹1327
* Current price: ₹1444.70
* Immediate resistance broken cleanly with a wide bullish candle.
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### 4. **Target Calculation**
* **Cup depth**: ₹435.85
* **Target Price** = ₹1327 + ₹435.85 = **₹1761.00**
➤ This gives a **potential upside** of **\~22%** from current levels.
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### 5. **Support & Risk Management**
* **Key Support Zone**: ₹1327 (former resistance turned support)
* **Aggressive SL**: ₹1370
* **Conservative SL**: ₹1325 (breakout base)
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### 6. **Trend & Sentiment**
* With this breakout, sentiment has flipped **strongly bullish**.
* Follow-through price action and continued volume spikes will further validate the move.
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### ✅ **Conclusion**
* **Pattern**: Cup and Handle
* **Breakout Level**: ₹1327
* **CMP**: ₹1444.70
* **Target**: ₹1761
* **Stop-loss**: ₹1370–1325
* **Bias**: Bullish
* **Strategy**: Buy on dip / Hold for target with trailing SL
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Would you like a **voiceover script** for this chart as well, or shall I combine this with the previous stocks for a full video/audio narration?
---
### 📝 **Technical Analysis – Deepak Fertilisers (Daily Timeframe)**
**Date:** May 28, 2025
**Pattern Identified:** ✅ *Cup and Handle Breakout*
---
### 1. **Chart Pattern Overview**
* A textbook **Cup and Handle** formation is complete.
* Price has **broken out** above the neckline resistance of **₹1327**, with strong bullish momentum.
* This breakout signals the potential beginning of a **fresh uptrend**.
---
### 2. **Volume Confirmation**
* **Breakout candle is supported by high volume**, indicating genuine buying interest.
* Volume has surpassed the 20-day moving average — a critical confirmation for pattern reliability.
---
### 3. **Price Action Summary**
* Price action shows a prolonged base, forming the cup.
* The handle showed minor consolidation before the breakout.
* Breakout level: ₹1327
* Current price: ₹1444.70
* Immediate resistance broken cleanly with a wide bullish candle.
---
### 4. **Target Calculation**
* **Cup depth**: ₹435.85
* **Target Price** = ₹1327 + ₹435.85 = **₹1761.00**
➤ This gives a **potential upside** of **\~22%** from current levels.
---
### 5. **Support & Risk Management**
* **Key Support Zone**: ₹1327 (former resistance turned support)
* **Aggressive SL**: ₹1370
* **Conservative SL**: ₹1325 (breakout base)
---
### 6. **Trend & Sentiment**
* With this breakout, sentiment has flipped **strongly bullish**.
* Follow-through price action and continued volume spikes will further validate the move.
---
### ✅ **Conclusion**
* **Pattern**: Cup and Handle
* **Breakout Level**: ₹1327
* **CMP**: ₹1444.70
* **Target**: ₹1761
* **Stop-loss**: ₹1370–1325
* **Bias**: Bullish
* **Strategy**: Buy on dip / Hold for target with trailing SL
---
Would you like a **voiceover script** for this chart as well, or shall I combine this with the previous stocks for a full video/audio narration?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.