Based on the chart of Deepak Fertilizers & Petrochemicals, it appears that the stock is currently at a resistance level of ₹1,111.90, while previously testing support around ₹955.50. The stock is up 4.09% for the day, with a bullish momentum as indicated by the price action and a Relative Strength Index (RSI) at 63.40, suggesting room for further upside but nearing overbought territory.
Trade Idea:
Buy Entry: If the stock sustains a breakout above ₹1,111, it could lead to further gains towards ₹1,200 or higher.
Stop Loss: Place a stop loss below ₹955.50 to manage risk.
Take Profit: Look for targets around ₹1,200–₹1,250 if the breakout continues with strong volume.
Given the upward trend, this setup offers a potential positional trade with a favorable risk-to-reward ratio, provided the stock breaks resistance with momentum.
Trade Idea:
Buy Entry: If the stock sustains a breakout above ₹1,111, it could lead to further gains towards ₹1,200 or higher.
Stop Loss: Place a stop loss below ₹955.50 to manage risk.
Take Profit: Look for targets around ₹1,200–₹1,250 if the breakout continues with strong volume.
Given the upward trend, this setup offers a potential positional trade with a favorable risk-to-reward ratio, provided the stock breaks resistance with momentum.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.