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...
Triangle pattern in Deepak Fertilizers And Petrochemicals Corporation Limited
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...