Cup & Handle Formation in DEEPENRA cup and handle pattern is being formed in weekly time frame of DEEPENR. Watch for close above 195.
Sharing only for educational purpose.
DEEPENR trade ideas
swing trade symmetrical trianglebuy above 121 with strong bullish candle ( 1hr tf)
sl 115
targets 130,136,140
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
DEEP ENE RESOURCES - CMP 54.55 MONTHLY ANALYSIS - TRENDLINE BREDEEP ENE RESOURCES - CMP 54.55
MONTHLY ANALYSIS - TRENDLINE BREAKOUT
BUY FOR TARGET 70- 88- 125- 167- 235- 300+
TIME DURATION 3-5 YEARS
DEEP ENR - Bullish Hammer at 200 SMANote: This is for educational purpose only.
There seems to be a bullish hammer at 200 SMA which also coincides with 0.5 and 0.618 retracement levels which might prove to be an area of confluence. Moreover, there was a bullish breakout with high volume from 200 SMA and there seems to be a retracement back on 200 SMA.
SL: ₹ 40.9
Watchout for Resistance breakoutThe stock looks good above 48.85 (closing basis) for positional targets of 53 and 57
