Fertilizer
GSFC: Inverse H&S continuationA breakout of inverse Head & shoulder formation with neckline of 119 has been spotted. The pattern suggests a continuation of the previous HH & HL trend. One can buy the stock on cmp & add on dips with maintaining the SL of 116 and look for the target of 138 (measured tgt ).
KSCL | KAVERI SEED | Ready for UpmoveHello Traders, I am back with another Swing trade for this coming week. Smash that LiKe button NoW!
Kaveri Seed : Breakout & Retest Done on weekly Chart.
Looks good from here to reach 10-15% or even more. let see I am already IN.
recommended SL : below low of weekly candle
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Stock Analysis of Deepak FertilizersPrice - 287.50 Dt. - 12.05.2021
The stock still has the capacity of going up 10% from the current level. The stock also witnessed some buying in the last 30 mins of the trading session. Stock may consolidate for 2-3 trading sessions before resuming the up move.
RSI is near overbought zone.
Long Deepak Nitrite @485I took a pilot position at 485 and I will be looking to add at minor corrections or on the way upward (when the price shows more strength)
Technicals: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs
Fundamentals:
This stock shows good sales and profit growth.
3 years of sales growth - 25.3
3 years of profit growth - 40.4
Margins at a record high of 24, although this doesn't look sustainable.
TTM earnings up 251%. lots of headroom for the stock to move up plus with decent earnings growth, this can turn out to be a multibagger.