Deepak Fertilizers Analysis (A good stock to keep tracking)
Hey Folks,
Lets Analyze now
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.
Lets Analyze now
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.
