See the chart you will find good price action for up move in DEEPAKFERT
#SwingTrading
#Breakout
#PriceAction
Disclaimer: This video is for educational purposes and not a recommendation. Analysis Posted here is just our view/personal study method on the stock. Do your own analysis or consult your financial advisor before making any investment decision.
Graham number: 1094.98
Debt to Equity: 0.73
P/E: 4.54
Industry P/E: 15.48
P/E is in FairValue Zone
Current Ratio: 1.28
Profitable
Continuously giving divident
Warning: Only for education purpose. Investments in stock market is subjected to market risk do own researches before investing.
Deepak fertilisers breaking out a parallel channel and horizontal resistance too so we can consider to go long in this stock for the target of 611 and 641 with taking a stop loss of below 565 a daily candle close which is looking a good support now. Idea will not valid if it will not give a close above 575 above resistance.
NOTE- Only for Education...
The chart is self-explanatory.
upside potential > 50%
TREND ANALYSIS + VOLUME ANALYSIS + ADVANCE CONFIRMATIONS
Disclaimer: This is for educational purposes only. This is not buying or selling recommendations. I am not SEBI registered.
Stock showing strength after big fall in the past weeks. Somewhat strong RSI Divergence is seen in the price action. Consolidation is showing good support zone in the range of 648-624. Can buy in that range for swing trading.
Deepakfert is looking ready for an upmove. It has bounced after taking support thrice from a strong trend line. It has also broken out from downtrend. RSI is now above 50 which also gives the same signal.
The stock looks strong if it gives a closing above 650-660 levels which is its 30 DEMA for about 10% upmove.
THis is my personal analysis only for educational...
A 5 wave rise -> 50% retracement -> 2 days closing above 20DMA
Weekly positive closing confirms B/2 completed near latest swing low.
Risk Reward looks favourable for longs.
Lets see whether this reaches the yellow zone or not.
Hello,
It looks like Broadening triangle pattern is forming inside the Descending Broadening Wedge. Today candle is very close to support level.
Stop loss and Targets are given in the chart.
Thank you,
Purus.
#Deepak Fert long
Target-996/1027
Buy above 847
SL-790
CMP:800.85 @ 7 Dec 2022
Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature. I am doing this only to understand how to read chart and technical. Strictly for educational purposes only.
2 possible formation in action
abc may ended in form of zig zag internal count 5-3-5, bigger 3legged A completed, B in progression.
If downtrend continue with 5 leg down, it will remain in bigger downtrend only , completing 5 (A)of 5-3-5 , slight up move will come (B)with again down with 5 leg downtrend (C). Bigger Zig zag in unfolding
It's a analysis, not...
