TARGET: 660 (can go up to 800 after breakout)
SL2: 540 (very strong support)
clear intervention by a big player with low traded quantity, high delivery percentage, high volume
Stock emerging out of all EMAs
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.
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...
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...