DEEPAKFERT Showing Strength From Base With Good Q3

29 gen

DEEPAKFERT showed strength today bouncing from a good base on the back of good Q3 Results, with RSI and MACD Showing Strength.

Q3 consolidated net profit jumped more than four times Y/Y, while revenue from operations climbed 39% Y/Y. Management says revenue from its crop protection business rose 55% due to good monsoon. Its profit margin also expanded to 10% from 3% a year ago. REVENUE FROM OPERATIONS 25.79 BILLION RUPEES, NET PROFIT 2.51 BILLION RUPEES.

Trade Setup:
It can be a Good 1:2 RISK-REWARD Trade with the recent being base being crucial.

Target(Take Profit):
52wh Levels for Swing Trader and 1522 for Positional Trader.

Stop-Loss:
Entry Candle Low For Swing Trader and a Recent Base of 1071 for Positional Trader.

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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.

30 gen

Nota

Fully Bearish Engulfing Candle Again Came to Base Let's See now.

31 gen

Nota

Made a Doji

3 feb

Nota

Still Respecting Base

4 feb

Ordine annullato

Not able to sustain