DEEPAKFERT
Deepak Fertilizers ready for the uptrend!🤩💸🔥Buy Deepak Fertilizers & Petrochemicals Corp. for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡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 Explosives, Mining, Infrastructure and Healthcare.
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💡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 India.
3) Only manufacturer of NP prill 24:24:0 fertiliser & TAN solids in India.
4) Largest manufacturer of Bentonite Sulphur in India.
5) Market leader in speciality and water-soluble fertilisers in India.
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✔️ Technically & Fundamentally Strong💪💪
The company recently posted an Amazing Q3 Result.
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‼️ The stock had given a Multi-Year Breakout forming a Cup & Handle. After the breakout, the stock retested the breakout level. Now with the completion of the retracement which is evident by the rise in price with volume, we can expect a strong uptrend from current levels.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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Chart Analysis of DeepakFert (16 Jan 2022)Deepak Fertilizers
It is a manufacturer of fertilizers. Its principal products/services include Nitrophosphate,(Fertilisers),
Complexes (Fertilisers) and TAN.
Cup and Handle Breakout Done.
Accumulate in the range of 520-490.
Target : 625,910
SL : 480 WCB
Only for educational purpose. Not a recommendation.
Cup and Handle Break Out in Deepak FertilizerCHART ->Deepak Fertilizer WEEKLY SETUP
As seen per charts, there are few things to note:
1. In weekly time frame, it has given a huge cup and handle breakout.
2. Last breakout candle has been with good volume.
3. MACD crossover in the breakout candle.
4. Not for technical point of view but we have to take a note that -> FII INCREASED THEIR STAKE BY 10% IN COMPANY DURING Q3.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
DEEPAKFERT - Huge Cup & Handle Breakout -More than 88% potentialThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
positional trade cup and handle in makingstock has already given flag breakout around 410 level
can buy for positional and in dips till 410 stoploss closing below trendline
invest amount which you can hold for long term once it breaks 500 level than trail sl at cost.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NAVINFUOR - Going To Make ATH - Swing CandidateThe stock is trading at weekly trendline and holding itself above it. Seems like bulls are still here. We have been buying all the dips like this since a long time. Trade on confirmation. Level has to break. This is one the best bullish stocks ever.
NAVINFUOR
Buy-Above 3650
Sl-3200
T-4200 4745+
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.
Deepak Fertilizer: ATH BreakoutTrading near to ATH Breakout, rising volumes indicate healthy breakout from ATH can be seen in this counter.
Looks like 3rd wave of major 3rd wave in near to completion.
Exception some correction before the breakout,
it shall complete 4th minor of 3rd major wave and shall head to complete the 3rd major wave.
Fundamental play can be clearly seen, its has entered in long term bullish area.
#LGBBROSLTD CMP353 #Target 394(13%) #RIIL #DEEPAKFERT #CALSOFTWeekly Chart
NSE: LGBBROSLTD
Short Term Quick Profit
CMP 353.20
Target : 394.95
SL : 327
Timeframe < 45 days
Factors:
Inverted Head & Shoulder
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
On the verge of Breakout of 3 years levelDeepak Fertilizers is on the verge of breaking above the price level after a gap of about 3 years. The price has been forming a rounding bottom base formation in this period. Typically, breakouts from zones formed over 3+ years are expected to be explosive on the upside.