Deepakfert is looking ready for an upmove. It has bounced after taking support thrice from a strong trend line. It has also broken out from downtrend. RSI is now above 50 which also gives the same signal.
The stock looks strong if it gives a closing above 650-660 levels which is its 30 DEMA for about 10% upmove.
THis is my personal analysis only for educational...
2 possible formation in action
abc may ended in form of zig zag internal count 5-3-5, bigger 3legged A completed, B in progression.
If downtrend continue with 5 leg down, it will remain in bigger downtrend only , completing 5 (A)of 5-3-5 , slight up move will come (B)with again down with 5 leg downtrend (C). Bigger Zig zag in unfolding
It's a analysis, not...
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
BUY AT
CMP = 488 = 350
TARGET 916
The company has shown a good profit growth of 22.79% for the Past 3 years.
Company’s PEG ratio is 0.08.
The company has an efficient Cash Conversion Cycle of 17.61 days.
The company has a good cash flow management; CFO/PAT stands at 2.27.
The company has a strong degree of Operating leverage, Average Operating leverage stands at...
Stock Name - Deepak Fertilizers And Petrochemicals Corporation Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1048.
#This is not Buy and Sell...
#DEEPAKFERT can be a very good investment pick for Deepavali - 2022 for following reasons:
1. Stock has given a Cup & Handle Break Out around 510-515 levels, and after that made a high of 997. Currently stock is making Higher Highs - Higher Lows.
2. Stock is currently trading near ATH & expected to break HH-HL structure and give us a fresh ATH Break Out after...
Keenly watch the price behaviour in the range between 710 and 724 as these are important levels. Beyond these levels, the price can have a substantial up-leg.
Can see targets of 790, 825 in the medium term.
Can expect price retracement between 675 and 645, below which levels of 624, 573 and 540 are major support zones.
Always keep a stop loss.
Note: Personal...
In a daily chart there is already cup and handle breakout on 13 jan 2022 at 480 and target was 920 after the breakout Stock was going in a sideways and formed symmetric triangle pattern. So Recently there is a breakout in symmetric triangle supporting uptrend. After the breakout it achieved 2 target(Previous Swing High) and on 13th April is broke its all time...
Buy Deepak Fertilizers & Petrochemicals Corp. for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
.
💡Market Position:
1) 2nd largest manufacturer of Nitric Acid in South East Asia & the largest in India.
2) Leading manufacturer and marketer of Isopropyl Alcohol ( IPA )(market share of 65% in FY 2019-20.) The only producer & merchant of IPA in...
Deepak Fertilizers Ltd - 09.03.2022
The stock is trading @ 551.70 levels
The prices are near EMA
Weekly Chart looks good
one can initiate a buy position @ current levels with SUPPORT @ 525
TARGET: 660 (can go up to 800 after breakout)
SL1: 560
SL2: 540 (very strong support)
IDEA:
clear intervention by a big player with low traded quantity, high delivery percentage, high volume
RS positive
Super-trend positive
Stock emerging out of all EMAs
Deepak NSE:DEEPAKFERT
Weekly chart
Cup and handle BO with volume.
good for up move = cup depth
Time frame- mid term
Study purpose only. use ur own analysis before investing.
#DEEPAK
#DEEPAKFERTILISERS
Done successful BREAKOUT>RETEST>UPMOVE
Both weekly and daily charts attached for study.
Expecting some news for this sector in budget announcements.
Posted wonderful results recently. !!!
A good portfolio stock.
#vr
Buy Deepak Fertilizers & Petrochemicals Corp. for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
.
💡About Company:
Deepak Fertilisers And Petrochemicals Corp. is one of the largest manufacturers of chemicals in India. It manufactures Technical Ammonium Nitrate (mining chemicals), Industrial Chemicals and Crop Nutrition. Its products are used in...
