DEEP IND - Recovering Strongly

It has been observed that the price action corrected sharply from the 340-320 levels and deeply went down to the previous support zone at 200-210 levels where now buyers coming and volumes increasing. Overall, indicating an upward move ahead. It is a sound company fundamentally with profit growth of 43% for last 5years. Currently, trading at low P/E.

T1- 270 (16%)
T2- 310 (33%)
SL - 200 (14%)

Trade active
Trade active
ha ha ha strongly recovering
ha ha , did it recover ?? ha ha ha
will it come up ?
+1 Reply
NeeteshJain mail2luckymen
@mail2luckymen, Yes, the probability is to go up as the trend is up. If it breaks below the support zone then the trend shall change. Thanks
Wrong entry point or this fall was expected?
+1 Reply
NeeteshJain jayadeepreddy
@jayadeepreddy, Yes, we entered early in high anticipation of consolidation breakout but it seems like the price action is still consolidating near support zone. Thanks
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