BUY - DEEP INDUSTRIES LTD
CMP - Rs. 166
Target - 1: Rs. 195
Target - 2: Rs. 230
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Technicals - Round Bottom Pattern BO
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This is just a view by an expert analyst, please trade at your own risk.
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Slope of PC-A1 = PC-A2
And PC-B1 = PC2
This shows DEEPINDS respects Parallel Channel very well
With the Breakout (BO) of PC-A1 at 195, price rallied to 277, where it created Highest & Start point of PC-A2
The downtrend from there, Candles remained respected the PC-A2 and price dropped till 177
Now check out this lowest point of 177 was the last...
NSE:DEEPINDS
Cmp : 251.45
Target : 267.8
Stop Loss: Closing below 229
Risk Reward Ratio = 1:1
Closing above 269 will give a good upmove
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#DEEPINDS (D):- CMP 240.25 Looks Good For More Upsides :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
