Hi Traders,
This is DEEPAKFERT Chart.
This is Best Time to Invest for Long Term
with Small SL which is less than 100 Rs.
Note - This is only for education Purpose
With a better than expected monsoon. Expect Agro related stocks to to well..
Esp after last season was a washout.
Long if the stock bounces from 550 with a double up above the 200EMA at 590.
SL for the first buy can be below 430 and 2nd can be below 550.
A move towards 640 cannot be ruled out.
Fertilizers and industrial chemicals are produced by Deepak Fertilizers & Petrochemicals Corp. Ltd.
It has about 50% of its peak corrected, and it is currently attempting a positive retracement. Try to break the 524 level after breaking the trendline. I believe that after it crosses the 526–530 level, it has a chance to receive a good reward and try to reach the...
In the Weekly Chart of DEEPAKFERT,
we can see that, it is holding itself near Strong of 500.
Also selling has stopped.
Enter on breaking the candle's High at 496 with SL as 748 and Go long for 2 years.
DEEPAKFERT retested breakout zone and near strong support zone . Fundamentals also good . Looking bullish for coming months. Disclaimer - views are personal and shared as educational purpose only and not any recommendations.
This is the analysis of DEEPAKFERT in Daily Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the long term resistance with increasing volume. It can retest the breakout level. If it will sustain above the breakout level, it is good for the stock. Generally Multiyear Breakout is a bullish signal for stocks.
There are some...
When I look at this chart of DEEPAKFERT, I see a potential to move up and a very good level to buy. This is a good level to buy at retest after a Cup and handle breakout. More over the price is hovering around the Fibonacci 0.5 and 0.618 levels which makes it a good buying candidate. Money management is a must. Cheers!
In the Weekly Chart of DEEPAKFERT,
we can see that, it has spent time near support.
we might see a W shape recovery.
Possible momentums are shown in chart.
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...
It is involve in chemicals, mining chemicals & fertilizers business.
Market Cap: 8474 crores
P/E 12.6 vs Industry P/E 33.2
ROCE is 25%
Previously ,it demonstrated a perfect example of Cup pattern breakout that achieved its target.
Currently it is on verge of giving breakout in a symmetrical triangle. weekly closing above 680 and RSI weekly closing above 60...
Fundamentally strong stock.
Demand zone is marked in green.
resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Levels:-
Buy @ 430 & 350
Stoploss 300
Swing & Positional Tgt 625 - 710
Long Term Tgt 840 - 1050+
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before...
In the Weekly Chart of DEEPAKFERT,
we can see that, it is coming down to the last Support.
500 level can act as strong support.
If you see a Bullish hammer candle in Daily or Weekly TF at 500 levels, you can take an entry
⚡️3Y Profit Growth of 233% CAGR
⚡️1900% return from Mar 20 to ATH
⚡️50% correction from ATH
⚡️Made good base near 500 level
⚡️Stage 2 Breakout expected
🔴 SL 665
🟡 CMP 695
🟢 TGT 765/869/1043
Deepak Fertilisers : Chemical & Fertiliser Giant with Stock Market Nuances
Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL) is a multifaceted Indian conglomerate straddling the worlds of chemicals and fertilisers. Here's a glimpse into their operations and the stock market perspective:
Chemical Powerhouse:
Leading manufacturer of industrial...
NSE:DEEPAKFERT Daily chart analysis.
The chart is self explanatory with Intermediate-Term Bullish.
Pattern: Upside Breakout and Retest
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
