DEEPAKFERT trade ideas
DEEPAKFERT - Huge Cup & Handle Breakout -More than 88% potentialThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
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positional trade cup and handle in makingstock has already given flag breakout around 410 level
can buy for positional and in dips till 410 stoploss closing below trendline
invest amount which you can hold for long term once it breaks 500 level than trail sl at cost.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
DEEPAK FERTILISERS : STRONG MOMENTUMChemical stocks showing good momentum, expecting good upmove
TGT - 500 & 550
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
Deepak Fertiliser - BounceWith fertiliser stocks falling all over the world and news that brazil is facing a fertiliser shortage some of these stocks have started bouncing.
Watch for this space closely.
Technically DF has bounced off a Fibo support + 200EMA. The stock is trying to recover back into strength. I would look to buy this stock in 3 phases..first above 387.50, then above 395 and finally above 445.
As markets are volatile thats the reason we starting with a much smaller allocation to keep SL deep at 345 (below the 200EMA)
The bigger trigger for this stock is the ammonia plant which comes after 15-18 months.
Deepak Fertilizers Breakout ?Deepak Fertilizers were given breakout from Resistance Zone and finished Restest it seems, factors that strengthen Breakout are good Consolidation at Resistance zone & Took support @ Support Zone, If We observe in Day frame it seems like Upper flag (Bullish). We can enter @ CMP by keeping 450 as 1st TGT & 490 as 2nd TGT. Sl if Price closes below 398 level.
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********I am not a SEBI registered adviser. All the information provided by me is for educational/informational purposes only. **********
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Deepak FertilizersDeepak 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.
A company trading at the PE of 11 where industry PE is around 31.45.
Deepak Fertilizer Wave 5 Projections and Cup patternFertilizer stocks on the move. Consolidation happened in Deepak Fertilizer in wave 4 is expanding flat correction which ended at 0.236 fibonacci retracement .
Long near 420 with strict SL 380 for 600-640 and if got lucky then extended wave 5 targets of 800 possible. Channel Breakout will give extended 800 target confirmation.
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Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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