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.
DEEPAKFERT trade ideas
#DEEPAKFERT (TRIANGLE PATTERN BREAKOUT)The stock have the potential to move higher and can make new highs in upcoming months. The stock already breaks the triangle pattern and gives retest on the previous support. It even retrace at 0.382 fibonnaci level in daily timeframe. We can enter on the break and retest of 4h structure i.e 920.
monthly rounding bottom breakout on deepak fertilizerrounding bottom breakout
add little as again can come down to shake out but aad more
sl is 344 big as monthly breakout is there
this time high chance of successful as once big shake downhas occur so add more if comes down
target 1000 according to paattern
but bullish paatern will form again and again and we wiill see target according to that
so first target is 600
we will reviev there again
Intraday & swing trade:- DeepakfertScalping Deepakfert
sell Deepakfert below 606
Target 600,594.
SL 607 (risk is 1 point)
If it falls it will touch the target within few minutes. so go with the momentum.
As on the chart, there is superb trendline support on the 1-hour chart. so, buy Deepakfert if it takes support above 608 for the target of 615, 625, 640,650 (Swing Trading).
For buying, you need to know price action & Candlestick analysis. If you find a proper set-up like hammer or dozi then take entry. It would be a significant risk: reward set up
Deepak Fertilizer : Long term stock - AccumulateAdding Deepak fertilizer at the current levels for a long term target of 800+
Company with good fundamentals.
Stock is in ASM due to wild moves... and is range of 400-412, after ASM gets over it can give a good breakout (Above 465 strong closing)
*Buy at your own risk and do your own research.
Deepak Fertilizers Analysis (A good stock to keep tracking)Hey Folks,
Lets Analyze now NSE:DEEPAKFERT
If we look at the fertilizers Sector they are doing very well and beating the market returns. So Investing in them can be a good opportunity.
As most of fertilizers Stock are Rallying and touching All time high's. these can be good money makers or Swing Trades.
Deepak fertilizers can be a good stock to invest in
Reason behind the Analysis is :
Stock is forming an All time high
It has recently given a good candle close #Breakout with high volumes of Classic Cup & handle(A 4 year old resistance) and its hovering over the resistance making it a valid support and showing Buyers are interested in it. Volumes are also giving Spikes while rallying and dried up when it comes down.
So one can start Accumulation in lower levels(Supports) or can trade Breakouts in it according to their risk Appetite.
Swing traders can take the targets of classic cup & handle. or you can hold it For longer term.
Your stoploss can be below of the Support levels or you can keep your SL trailing.