deepak which has a long first wave and second wave is small as per fibo extension trg longs comes to 352 . after crossing 179-80 range stock will show real power and wll target 197 minimum
buy for a 3rd wave target of 260 and if crosses 265 trg of 340 as marked in chart.
NSE:DEEPAKFERT DEEPAKFERT - NSE Technical analysis: Deepak Fertilizers and Petrochemicals .The price is below 20/50 Days EMA and above 200 Days EMA. I have also provided some support and resistance area in above chart. Please follow the proper risk management before take any trade make your proper analye If you like my Ideas please hit the 👍 LIKE button...
likely to take support at 141.15 @ 61.50 retracement And will mark end of wave 2 .if takes support at 141.15 and crosses 145 then 3rd wave trg of 175.
sell on rally near to 194 resistance zone as per rsi , macd and stochastic some resistance expected here.
buy with a price target of 184 of 3rd wave .in 5th wave can go upto 240 level
rsi stochastic and triangle breakout expected above 106 .All suggesting buy witha target of min 120 to 132
This stock is showing positive signs and maybe ripe for trend reversal. It is currently sitting at it's major breakout level and may bounce to at least 271. If 275 is crossed we might have a big break for higher targets.
buy DEEPAKFERT if it goes above 257