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 trade ideas
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.
On the verge of Breakout of 3 years levelDeepak Fertilizers is on the verge of breaking above the price level after a gap of about 3 years. The price has been forming a rounding bottom base formation in this period. Typically, breakouts from zones formed over 3+ years are expected to be explosive on the upside.