ABOUT
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
1. 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...
Deepak 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...
All detail for chat. good entry at mark price only. and must stoploss is 540 minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
Symmetrical Triangle Breakout retest wasn't done so risky to enter. Target is based on pattern and Stoploss is below the breakout candle.
DISCLAIMER:
I am not a SEBI registered person this is not an investment tips it's just for an educational purpose. So don't take any trade blindly based on this analysis discuss with your financial advisor...
All detail for chat. good entry at 650 around price. and must stoploss is 540 minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
In a daily chart there is already cup and handle breakout on 13 jan 2022 at 480 and target was 920 after the breakout Stock was going in a sideways and formed symmetric triangle pattern. So Recently there is a breakout in symmetric triangle supporting uptrend. After the breakout it achieved 2 target(Previous Swing High) and on 13th April is broke its all time...
Buy Deepak Fertilizers & Petrochemicals Corp. for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡Market Position:
1) 2nd largest manufacturer of Nitric Acid in South East Asia & the largest in India.
2) Leading manufacturer and marketer of Isopropyl Alcohol ( IPA )(market share of 65% in FY 2019-20.) The only producer & merchant of IPA in...
Stock Name - Deepak Fertilizer. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing bullishness.
More strength will be visible once it will sustain above 680. Worth to keep in watch list for coming days.
#This is not Buy and Sell...
