DEEPAKFERT trade ideas
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.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
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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HOW TO OBSERVE REPEAT BEHAVIOUR THROUGH PRICE ACTION. BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Deepak Fertiliser - ASM 4 to 3 After 90 days in ASM 4 the stock barely had any volumes and has consolidated for the entire 90 days and is now has finally shifted from ASM 4 -> 3.
The stock could finally start moving now like many of the other fertiliser stocks have been moving.
Long above 440 with a SL below 415.
There is a consolidation of moving averages which could signal a big move is due after so much consolidation. A wedge breakout here could lead to the next bit of momentum.
DEEPAKFERT || Will Sustainable Multiyear breakout come ? NSE:DEEPAKFERT
This stock is for people who are looking for investing for short/mid term time. (1 -3 months).
From the chart it is easy to see that Safe buy will be on breakout of 492 level which is recent high.
One can also take entry from CMP. But I can see that it will consolidate a bit between 400-480 level before giving breakout on any side.
I can see Target of 600-720 for short/mid term time if it sustain above 492 level after breakout.
Please note: : This is just for educational analysis and it is not any financial/investing advise.
You can keep this stock on your watch-list /radar.
Better to take advise from your financial advisor before considering for any investment.
DEEPAKFERT is forming cup with handle pattern#CALL
Stock : #DEEPAKFERT This is a different company not Deepak Nitrate,
Buy Option 1 : Buy @ 429 to 438
Buy Option 2 : Buy @ 460 to 468 (On Breakout)
Stop Loss : below 364 or 10% or as per your risk profile.
Target : Book partial profit at 468 and trail rest,
Risk : High
Duration : 1 to 4 Months.
Note : Blue lines are also buying level. Depends on your risk profile. you can keep this for long term also
Breakout : Weekly closing above 470
Fundamental : Use any website to check it, i can not put the link here
Deepak Fertilizers LongDeepak Fertilizers
FY21 Revenue growth +24%, EBITDA doubled and Net Profit > 4.6x
Profitable growth across all business units with Chemicals 81% of operating profits
Net Debt reduced by Rs 840 crore and Net Debt / EBITDA of 1.91x
Fundamental Industry Dynamics Along With Government Of India Policies And Budgets Drive Future Growth
The recent increase in fixed subsidies shall help neutralize the RM Cost hikes, the farmer affordability, and thus the demand; allowing reasonable margins to continue
Limestone Mining is likely to increase driven by the thrust on the Infrastructure segment announced in India’s Union Budget for FY22
Cement plants are likely to improve their capacity utilizations; large Cement producers have already announced expansion plans
Deepak Fertilizer: ATH BreakoutTrading near to ATH Breakout, rising volumes indicate healthy breakout from ATH can be seen in this counter.
Looks like 3rd wave of major 3rd wave in near to completion.
Exception some correction before the breakout,
it shall complete 4th minor of 3rd major wave and shall head to complete the 3rd major wave.
Fundamental play can be clearly seen, its has entered in long term bullish area.