Deepak Fertilisers reached an ATH of 1062 in the 3rd week of Oct'22 and then corrected by approximately 52% to reach a low of 512.40 in Mar'23. It took support from the base of the triangle pattern and resumed uptrend.
On 1st June'23, the scrip succesfully broke out of the triangle pattern reaching a high of 570, followed by 1 month of consolidation.Last...
PE Ratio is 8 while Sector PE ratio of 53
- Company has delivered good profit growth of 49.7% CAGR over last 5 years
- Annual Revenue rose 47.7%, in the last year to Rs 11,384.7 Crores. Its sector's average revenue growth for the last fiscal year was 17.2%.
- Annual Net Profit rose 78.4% in the last year to Rs 1,210.1 Crores. Its sector's average net profit...
Graham number: 1094.98
Debt to Equity: 0.73
P/E: 4.54
Industry P/E: 15.48
P/E is in FairValue Zone
Current Ratio: 1.28
Profitable
Continuously giving divident
Warning: Only for education purpose. Investments in stock market is subjected to market risk do own researches before investing.
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...
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
#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
CHART ->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...
The 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...
Deepak Fertilizers were given breakout from Resistance Zone and finished Restest it seems, factors that strengthen Breakout are good Consolidation at Resistance zone & Took support @ Support Zone, If We observe in Day frame it seems like Upper flag (Bullish). We can enter @ CMP by keeping 450 as 1st TGT & 490 as 2nd TGT. Sl if Price closes below 398...
