Deepak Fertilizer Cmp 933 dated 7-11-2022 INVERTED HAMMER BODeepak Fertilizer Cmp 933 dated 7-11-2022
1. Inverted Hammer candle BO @ 925 which was
made yesterday.
2. RSI Divergence
Buy @ Cmp for target 945-980-1000-1025-1040 SL 900
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
DEEPAKFERT trade ideas
YR 2022 Idea #163: Long on DEEPAKFERTThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
#DEEPAKFERT BUY AT
CMP = 488 = 350
TARGET 916
The company has shown a good profit growth of 22.79% for the Past 3 years.
Company’s PEG ratio is 0.08.
The company has an efficient Cash Conversion Cycle of 17.61 days.
The company has a good cash flow management; CFO/PAT stands at 2.27.
The company has a strong degree of Operating leverage, Average Operating leverage stands at 27.93.
Company has been maintaining a healthy dividend payout of 29.12%
Debtor days have improved from 77.31 to 56.94 days.
TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
DEEPAKFERT - Ichimoku Bullish Breakout Stock Name - Deepak Fertilizers And Petrochemicals Corporation Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1048.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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INVESTMENT IDEA FOR DEEPAVALI - 2022#DEEPAKFERT can be a very good investment pick for Deepavali - 2022 for following reasons:
1. Stock has given a Cup & Handle Break Out around 510-515 levels, and after that made a high of 997. Currently stock is making Higher Highs - Higher Lows.
2. Stock is currently trading near ATH & expected to break HH-HL structure and give us a fresh ATH Break Out after which we can expect 1200+ in this soon. (I'd wait not book in any rise but short term investors may consider booking around 1200-1250 levels, or atleast do partial booking)
3. Even if stock doesn't give ATH Break Out & faces resistance, stock would find decent support at channel bottom around 740-750 levels to make a new HL, & again rise to make a new HH as the trend is up.
4. 715-740 is gap zone which would act as mother of all supports, thus this is our SL on Monthly Closing Basis.
5. Add now at CMP & more about ATH Break Out OR Add now at CMP & more around 740-750 levels, whichever works for you.
6. Even though I am very positive about this pick but as well know that investment is subject to risk, so please consult your financial adviser before investing.
Deepak Fertilisers on the verge of breakout...Keenly watch the price behaviour in the range between 710 and 724 as these are important levels. Beyond these levels, the price can have a substantial up-leg.
Can see targets of 790, 825 in the medium term.
Can expect price retracement between 675 and 645, below which levels of 624, 573 and 540 are major support zones.
Always keep a stop loss.
Note: Personal analysis. Not a buy/sell recommendation. Do consult your investment advisor always.
Deepak Fertilisers And Petrochemicals Corporation LimitedABOUT
Deepak Fertilisers And Petrochemicals Corporation Limited (DFPCL) is one of the largest manufacturers of chemicals in India. It manufactures Technical Ammonium Nitrate (mining chemicals), Industrial Chemicals and Crop Nutrition. The products of the company have uses in Explosives, Mining, Infrastructure and Healthcare. The company was set up in 1979
Deepak Fertilizers taking big strides1. Looks set for a first price target of 749 being the 1.618 fib level from last high (600 SL)...
2. Price target 2 is 915 which is the depth of the cup...Price has also been moving in an ascending channel... be alert if price falls out of the channel as it could go sideways (so one can make that a stop loss)...
3. one can also see the price movement in another way where the price has crossed the previous high and is above the 30 week moving average which makes it a stage 2 stock evolving into stage 3 and can remain invested for a longer time frame as well (484 SL)
Q4 results were strong. With prices of key raw materials reaching to the moon, the company still performed impressively both YoY and QoQ especially in TAN and Nitric Acid. It is also expanding in a very big way in Ammonia production which may come into production in another 18-24 months. A long term investor must keep an eye on the debt financing costs as the interest cycle turns. Also if there are any CCPS/NCD issued which would dilute shareholding, the impact of the same is not studied while publishing this idea.
TARGET 1 Achieved in Deepak Fert 40% profitDeepak Fertiliser after forming C&H breakout above levels marked on the chart with great volumes. Post this breakout target 1 is now achieved.
Kindly check previous Deepak Fertiliser idea posted with all details.
Levels are explained in charts
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.