Deepak fertilizer looks strong

1 thg 3, 2023

Deepakfert is looking ready for an upmove. It has bounced after taking support thrice from a strong trend line. It has also broken out from downtrend. RSI is now above 50 which also gives the same signal.
The stock looks strong if it gives a closing above 650-660 levels which is its 30 DEMA for about 10% upmove.

THis is my personal analysis only for educational purposes.

2 thg 3, 2023

Ghi chú

Took resistance from 660 levels. Keep in watchlist.

6 thg 3, 2023

Ghi chú

Formed a double top at 660 in 1 hr time frame but has given a good closing today.
Above 662, stock might move well in intraday.