DEEPAKFERT trade ideas
DEEPAK FERTILISERTS BREAKOUTAfter Tight consiolidation in Tringular and rectangular pattern stock has given the breakout of tringular pattern with good volume.
BUY around 163- 168.
Sl an d Targets are mentioned on charts.
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.
deepak fertilizer breakout H&S patterndeepak fertilizer breakout H&S pattern, have a huge potential to gain towards target 370/470+++
short term pickcan see a beautiful rounding pattern in 30 min chart frame can achieve target in intraday
ROUNDIG BOTTOM
Deepak Fertilizer Descending Triangle Descending Triangle Brekout with above average volume and strong candle spread
DEEPAKFERTA buying call on Deepak Fert ,wait for the price to cross the first target
looking forward to reach 2nd and 3rd target
show a prudent act by supporting me
RSI Bearish divergence on DeepakFert chartPossible correction time in DeepakFert because of divergence on daily chart. Fib levels could provide some support. Chance to buy dips in upcoming days and then proceed further.
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DEEPAK FERTILIZER Ready For Shootout. "CUP & HANDLE" IDENTIFIEDBuy At Cmp 161.65
Strict SL - 128.9 (WCB), Target - 290/370 ++
long Deepak FertilizersBroke out Head n Shoulder pattern weekly
volumes validating
Entered high volume node
Broken Rectangle on price as well as RSI
DEEPAKFERTNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Deepak Fertilisers - Daily - Cup & Handle Deepak Fertilisers - Daily - Cup & Handle
Self explanatory chart pattern
moreover, budget theme (fertilizers)
DEEPAKFERT = Bullish Flag breakout candidateHi Investors,
DEEPAKFERT is making a nice Bullish flag pattern with tight Pennant price structure. Target is 2017-2018 Resistance zone. Stop loss is in a higher side hence better to invest only 2-3% only.
I hope you will benefit from this knowledge
-MetaVish
Triangle patternWait for the brrakout in daily candle.
Than take entry and SL and Target will b marked on chart. 👍🏻
Symmetry for TWO moves"This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince.
There was symmetry in two downward moves from All time high. Let us see if it repeats..!! Otherwise stock is uptrend. Entry at Confluence of diagongalDemand line and horizontal support lines, stop loss is below last range and target is median line. Based on Action Reaction line, slope of prices and symmetry target date is also mentioned (Fingers Crossed)
The last symmetrical moves are mentioned in updates below.
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Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
Multiple resistance but looking good above 38% fib retr.Deepak fertilizer can break resistances above and can make a move upto 182. It has taken support from a long term trendline below. Will be quite a watch at the second trendline.
