DEEPAKFERT trade ideas
Buying opportunity in Deepak FertilizerDeepak Fertilizer enter at 147
Reason-
-Demand zone on daily time frame
-EMA 20 support
Breakout trade - W pattern The stock has formed a classical W pattern and has almost given a good breakout with high volumes and RSI confirming the charge of bulls.
Also it has been getting a good support of trendline. If it crosses and sustain its key level of 180-182, we may see the momentum getting continued for more upside rally in near future. We might see a short retracement due to profit booking, so buy on dip would be a good strategy in that case. So wait for the right price action.
Good support: 168-170
Similar view for Deepak Nitrite
Disclaimer: Take this view for educational purpose. Trade on your own risk.
Happy trading. Happy Investing!
Long above 163Buy above 163 on safer side
T1: 190
T2: 217
T3: 250
SL: 142 and below on closing basis
Time frame: 2-4 weeks
DeepakFertilizers weekly breakout with volume, can hit 200+DeepakFertilizers weekly breakout with volume, can hit 200+ in coming days
Long Swing Trade Idea #41 : Buy DEEPAKFERTPlease do like and share the idea in case you find it good and follow it for further updates on it. for benefit of everyone. Also, please comment if you have any feedback. This idea by onerighttrade team is only for study purpose and is not a trading call.
Deepak Fertilizers IdeaDetails mentioned in Chart
Disclaimer - Please do your own analysis before initiating the trade
Deepak Fert making Inverse Head and ShoulderInverse Head and Should and made 2nd Shoulder.
Finding resistance of channel TL. Break out above 110 can look for 164 can IH&S pattern Targets.
My SL is 94
Do your own study. this is only for educational purposes.
DeepakFertDEEPAKFERT is in trending mode. It follows the fib extension character 50. It will reach the 160rs in upcoming days. Lets see
DEEPAK FERTILISERS (DAILY) LONG1) Bullish Butterfly Pattern (Harmonic Pattern)
2) Prepairing Higher High Pattern
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3) Stock trading above 20 EMA
4) RSI - Bullish / Positive Divergence on Daily Chart
5) Vortex - Positive on Daily chart
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6) 1st Target - 115-120
7) 2nd Target - 155-160
8) 3rd Target - 205-210
keep an eye! if closes above 144, the it could b a good buy.134 is sl. target 174 in ST.
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Entered zone of influence with a bang. After about three months it entered support zone. Could be an strategic entry point.
#DEEPAKFERTILISERS : POSITIONAL MIDCAP CALL - MUST WATCH#DEEPAK FERTILISERS - POSITIONAL MIDCAP CALL
16 APRIL 2019
LOOKS GOOD ABOVE 160.50
SL 140
TARGET 1 182-185
(IF SUSTAIN ABOVE 185)
TARGET 2 208-210
TARGET 3 248-250
CMP 157.40
