Turning Bullish:Deepak Fertilizers has given a strong breakout with good volume on the weekly chart.
The stock has bullish momentum above short, medium, and long-term moving averages.
Support levels are 1067, 1003, 960, 903
It has strong resistance at 1178 levels.
It needs good volume support and price momentum for the current level to be broken.
Long term target: 1295
DEEPAKFERT trade ideas
Deepak Fertilizers cmp 1118.75 by Weekly Chart views*Deepak Fertilizers cmp 1118.75 by Weekly Chart views*
- Support Zone 940 to 955 Price Band
- Resistance Zone at 1115 to 1135 Price Band
- Volumes are needed for fresh upside for a New Lifetime High
- Weekly basis Support at 1005 > 885 > 780 with Resistance only at ATH 1163.85
- *Close to 2 year's long Bullish Rounding Bottom followed by a Price Breakout well above earlier Resistance Zone now acting as the Support Zone*
deepak fertilisers breake out .entry activateddeepak fertilizers for a short swing ...3hr candle closed decisively above 1125 .next first target 1250 second target 1300.we can trial the SL once achieve the first target.now is at 1147 entry is activated with a strict stoploss of 1060. volume is respectable even todays lower nifty level.its a consolidation breake out
#DEEPAKFERT Ready for Another Bull Run !🚀 Stock Alert: #DEEPAKFERT Ready for Another Bull Run! 🚀
📈 Momentum Building: In the recent session, we've seen a huge volume build-up, and #DEEPAKFERT is making a strong rebound after taking support at the 50-day moving average. The momentum suggests it's set for another bullish run, making it a strong candidate for a swing trade. With the recent massive bull run in chemical stocks, this one is worth watching! 🔥
💡 Keep #DEEPAKFERT on your radar for potential breakout opportunities! 👀
Target: 1190-1200
Stop Loss: 980
Trade Risk Free Exit (20-30%): 1115
📢 Disclaimer: This post is for educational purposes only. Always do your own research before making any investment decisions. 💼
#StockMarket #Trading #InvestSmart
Deepak fertilizers & petrochemical Corp LtdIt 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 should be consider as confirmation of breakout .If it does closes then it should head for 720 and 834. It has the potential to cross it ATH of 1065 in 2024.
The View should be neglected if it breakdown in symmetrical triangle.
This is not a stock Recommendation.
DEEPAK FARTLIZERMonsoon rain is expected to be 110% forecast by Metrological department.
Expecting subsidy from budget.
Technical chart shows bottom is formed and moving upward.
EMA Cluster moving upward indicating uptrend
Add quantities in small chunks and build pyramid.
Target 2x and above
THIS IS MY ASSESMENT
ONLY FOR EDUCATIONAL PURPOSE.
Deepak fertilizers-A stock that should be on everyone's radar ## Deepak Fertilizers & Petrochemicals: A Potential Player in a Booming Market
Deepak Fertilizers & Petrochemicals Corporation Ltd. (Deepak) is a noteworthy participant in the currently flourishing fertilizer and chemicals sectors. With both industries experiencing strong market momentum, Deepak presents itself as a company with significant growth potential.
**Analyst Viewpoint:**
Based on current trends, Deepak appears well-positioned for scaling its operations. If the stock's closing price for the week remains above ₹745, there's a possibility of it reaching ₹857.55. Given these factors, it's advisable to keep Deepak on your investment radar.
**Important Disclaimer:**
I hold a long-term investment in Deepak. This communication is for informational purposes only and should not be construed as a recommendation to buy or sell the stock. Please conduct your own thorough research before making any investment decisions.
DEEPAKFERT bullish; above 578.5 ? - Friday 31-May.The above information does not constitute investment/trading recommendation and it is purely for educational purpose....
INTRADAY Trading Strategy in 3 stages of breakouts:
1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
The above information do not constitute, financial, investment, trading, or other types of advice or recommendation.It is purely for educational purpose....
Deepak Fert - Monsoon playWith 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.
Deepak Fertilizers & Petrochemicals Corp. Ltd.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 550, 590, 600, and 650 levels.
Please don't take anything personally; it's only meant to be informative.
Kindly consult your advisor before to making any investments.