DEEPAKFERT trade ideas
#DEEPAKFERTILIZERTrend reversal.
Good volumes at bottom.
Above key moving averages.
Normally after December we have seen good rally, this time it is due ..
B FAILURE RUNING FLAT : ELLIOTT WAVE ANALYSIS [ELLIOTT BABA]B FAILURE RUNING FLAT : ELLIOTT WAVE ANALYSIS
RUNNING FLAT :
• A corrective 3 waves move labelled as ABC
• Subdivision of wave A and B is in 3 waves
• Subdivision of wave C is in 5 waves impulse / diagonal
• Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three
• Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A
• Wave C fails travel the full distance, falling short of the level where wave A ended
Fibonacci Ratio Relationship
• Wave B = 123.6%-138% of wave A
• Wave C must be 38% of wave A
Deepak Fertiliser Attempting Weekly Breakout Deepak Fertiliser is consolidating in a range since a year and have tried multiple time to break the resistance area.
In a weekly candle it attempted a breakout from major supply zone and formed a doji candle above it which is a candle of confusion. Pice above dojo candle will be confirmed breakout or it can once retest in retest zone and than give a breakout
#dfpcl TAI have been following this script from January 2022, Initially #dfpcl caught my eye as there was formation of cup and handle near 500ish levels , the target from the pattern 990, which was observed in oct 2022. deep correction from 1000ish levels in oct 2022 to 530ish levels in march 2023. now consolidating in range of 530-670 forming a base and what looks likely to develop is a bullish saucers as the rising bottoms in resistance is seen recently (dec 2023) as of now the risk reward is good (2.7), the fundamentals are in play as company has announced a good amount of capex and the revenue from that will surely reflect by 2024-2025. The correction from 1000 ish levels to 530ish level from oct 2022 to march 2023 can be accounted on basis that company faced initial costs due to setup of new plants and margin pressure in chemical sectors in India , Challenges including government policies on subsidy, impact of global prices, and Russian dumping of cheap fertilizers and announcement about the demerger of its business.
I believe the next coming quaters will show positive growth in revenue and new policy from government on agriculture industries that impact the fertiliser sales as there are central elections in 2024.
Deepak Fertilizer - Go LongDeepak Fertilizer has given the BO on Daily TF. The stock had been in a consolidation for quite sometime and now it has given the BO. Fundamentals are good
Deepak fertiliser weekly breakout Deepak fertiliser one year old trendline weekly breakout with huge spurt in volumes and good news of demerger of its business on the cards so add for swing target of 823 and 1061.
DEEPAK FERTILISER WEEKLYOn both the timefarme of daily and weekly Deepak Fertiliser is looking strong to come out of a long consolidation range.
Above the level of 675 i am seeing a target of 800+ in the stock.
Its a coming long opportunity
DEEPAKFERT - Positional LongDeepak Fertilizers & Petrochemicals Corp Ltd
1 - Possible Round Bottom Seen
2 - Good Volume Buildup
3 - Change in Trend
All the marks are given in the chart
Deepak Fertilisers view for tomorrow 30th AugDeepak Fertilisers view for tomorrow 30th Aug
Buy view above 591 with strict SL (Intraday view)
Follow strict risk reward and stop loss..
Charts for Educational purposes only.
Thanks,
V Trade Point
DEEPAK FERTILISER-BUYSHOWING promise of bottoming out once crosses first 592 and then 610 will target 690 ,795 . 84 days down/sideways cycle ended on 31st august since then showing promise of bottoming out.
DEEPAK FERTILIZER GIVEN break out in weekly time frame. volumes are gud. sl will be elephant green candle low. supported by gud fundaments.
deepak fertilizers go longGo long in deepak fertilizers. Trend line support. Entry 596.25. Target 612. Stoploss 578
DEEPAK FERTILISER--strong buyWaiting for breakout once crosses 605-8 level you will see sharp rally and target of 965 minimum
DEEPAKFERT - Weekly AnalysisIn the Weekly Chart of DEEPAKFERT ,
we can see that, it has formed a Double Bottom Pattern with a Bullish Candle.
We ca see a reversal from here in DEEPAFKERT.
Deepak Fertilizers & Petrochemicals Corp LtdDeepak 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.
~2nd largest manufacturer of Nitric Acid in South East Asia and the largest in India.
~Leading manufacturer and marketer of IsoPropyl Alcohol (IPA)(market share of 65% in FY 2019-20.) Only producer of the merchant IsoPropyl Alcohol (IPA)
Market Cap
₹ 7,520 Cr.
Current Price
₹ 596
High / Low
₹ 1,062 / 512
Stock P/E
6.21
Book Value
₹ 401
Dividend Yield
1.51 %
ROCE
26.3 %
ROE
27.0 %
Face Value
₹ 10.0
Promoter holding
45.5 %
EPS last year
₹ 95.9
EPS latest quarter
₹ 20.2
Debt
₹ 3,699 Cr.
Pledged percentage
15.1 %
Net CF
₹ 2.91 Cr.
Price to Cash Flow
6.21
Free Cash Flow
₹ 222 Cr.
Debt to equity
0.73
OPM last year
19.2 %
OPM 5Year
14.9 %
Reserves
₹ 4,941 Cr.
Price to book value
1.48
Int Coverage
10.3
PEG Ratio
0.12
DEEPAKFERT - Weekly AnalysisIn the Weekly Chart of DEEPAKFERT ,
we can see that, after retest it is holding position in same range since 2 week.
we can see a decision in this week...either upward or downwards.
Deepak fertilizers view for todayDeepak fertilizers view for today
Ascending channel continuation expecting in Deepak Fertilizer
Follow strict risk reward and stop loss if u follow the level
Thanks,
V Trade Point
How to identify strong downtrend using price action and volumeWhen price of a stock falling continues day by day and volume increases day by day it shows a strong downward movement dont take any longside trade in such type chart find only short sell opportunities.
Always follow the trend 'trend is your best friend'
Deepak FertilizerDay chart of deepak fert it breaks down its major support zone 720 and next support is trendline
DEEPAKFERT Positional Buy IdeaAs per my analysis, NSE:DEEPAKFERT is now consolidating for upper side. My idea is to take buy entry at level of 777 with stop loss of 745.
My expected up side target will be 830 & 875. It could be low risk and high reward trade.
Note: This is my personal analysis, only for learning. Thanks.
