Deepak Fertilizers cmp 1118.75 by Weekly Chart views*Deepak Fertilizers cmp 1118.75 by Weekly Chart views*
- Support Zone 940 to 955 Price Band
- Resistance Zone at 1115 to 1135 Price Band
- Volumes are needed for fresh upside for a New Lifetime High
- Weekly basis Support at 1005 > 885 > 780 with Resistance only at ATH 1163.85
- *Close to 2 year's long Bullish Rounding Bottom followed by a Price Breakout well above earlier Resistance Zone now acting as the Support Zone*
Deepak
DEEPAKFERT Analysis & PredictionThis is the analysis of DEEPAKFERT in Daily Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the long term resistance with increasing volume. It can retest the breakout level. If it will sustain above the breakout level, it is good for the stock. Generally Multiyear Breakout is a bullish signal for stocks.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About DEEPAKFERT :
Deepak Fertilisers & Petrochemicals Corp. Ltd. engages in the manufacture of industrial chemicals and fertilizers. It operates through the following segments: Chemicals, Fertilizers, Realty, and Others. The Chemicals segment produces ammonia, methanol, dilute nitric acid, concentrated nitric acid, carbon dioxide, technical ammonium nitrate, isopropyl alcohol, propane, and bulk and specialty chemicals. The Fertilizers segment includes nitro phosphate, muriate of potash, diammonium phosphate, ammonium sulphate, mixtures, single superphosphate, sulphur, micronutrients, SSF, bio fertilizers, fruits, vegetables, and pesticides. The Realty segment engages in the real estate business. The Others segment generates energy through windmill power. The company was founded on May 31, 1979 and is headquartered in Pune, India.
Deepak Fertilizers , Long TradeNSE:DEEPAKFERT
Good opportunity available at Deepak Fertilizer.
Buy above: 575++
Stop Loss: Below 505
Targets: 640/720/825/940/1050
Reasons to buy:
There was strong support between 510 and 550, tested repeatedly.
The 100-day moving average offers strong support above 575+.
Reasonable Risk to Reward Ratio.
Disclaimer:
Please note that this is a general idea and any trading should be done at your own risk.
Deepak Fertilizer: Plain simple chart analysisDeepak Fertilizers
One may look to accumulate the stock at cmp and on dips towards 485 from Medium to Long term perspective.
Momentum may come once it crosses above 580 odd levels.
Take care & safe trading..!!!
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
DEEPAK NITRITE Fresh Breakout SeenDeepak Nitrite has seen Fresh Trendline breakout on 4-Hour and Daily Chart.
Reasons to Buy Deepak Nitrite:
# Trendline Breakout Seen.
# Breakout After huge Consolidation.
# Stock already has seen significant correction from all time highs
# Volume on Breakout are decent.
Falling Wedge Realm - Price Action AnalysisIn a daily time frame, Deepak Nitrite has been observed in Falling Wedge Pattern Structure
The falling wedge is a bullish price pattern that represents a story about the market in which bulls are preparing for another push. A falling wedge pattern is bullish, although it appears after a bearish trend.
The falling wedge pattern works as both a trend work as a trend reversal and a trend continuation pattern.
If the falling wedge appears in a downtrend, it is considered a reversal pattern.
A falling wedge is an important technical formation that signals that the correction, or consolidation, has just ended as the asset’s price left the wedge to the upside and, in most cases, the continuation of the overall trend is taking place.
In Current structure we can see that the price has been higher than the 20 MA level ,which is good sign for Bullish and also price has sustained above the support level along with good volume accumulation.
Currently, Deepak Nitrie is at 1919.40 Rs, If the pattern continues , the price of Deepak Nitrite might reach the 2360 Rs level . If the trend reversed, then the price of Deepak Nitrite may fall to 1720 Rs level
Deepak nitrite on the verge of breakoutdeepak nitrite on the verge of breakout!
BUuy above 2300 levels....
Deepak Nitrate - A short term positional ideaChart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Deepak Nitrite: A meaningful top or still more steam is left?
A seen on weekly chart deepak has made a top at 3020 followed by a low of 2005, the next swing high was at 2690 making it a lower high.
So a till now a HH-HL-LH has been formed, also after making LH the prices has broke the trend line, now it will be interesting to watch how this will unfold whether new Lower low can be seen or it will broadly move in the range of 2k to 3k.
As observed from shareholding pattern FII have done profit booking in this their stack has reduced by 2% approx (retail has absorbed this supply, retail increase by 2%).
With this observation i am of this opinion that top has been made and it will consolidate for some time (2k-3k). Will look forward for volume dry down to catch the lower level entries along with volume pickup.
Simple Trade Setup | DEEPAK NITRITE | 01-11-2021 [ INTRADAY]NSE:DEEPAKNTR
Observations:
1) On daily time frame, we can see in last two trading day, it has been taking support from 100DMA.
100DMA is it critical supprot.
And we can see that from 2180 to 2200 is major support.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 01-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
DEEPAKFERT || Will Sustainable Multiyear breakout come ? NSE:DEEPAKFERT
This stock is for people who are looking for investing for short/mid term time. (1 -3 months).
From the chart it is easy to see that Safe buy will be on breakout of 492 level which is recent high.
One can also take entry from CMP. But I can see that it will consolidate a bit between 400-480 level before giving breakout on any side.
I can see Target of 600-720 for short/mid term time if it sustain above 492 level after breakout.
Please note: : This is just for educational analysis and it is not any financial/investing advise.
You can keep this stock on your watch-list /radar.
Better to take advise from your financial advisor before considering for any investment.