NeeteshJain
Long

DEEP IND - Recovering Strongly

NSE:DEEPIND   DEEP INDUSTRIES
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
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ha ha , did it recover ?? ha ha ha
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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
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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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