#LONG on DEEPAK FERTILISERS: Triangle pattern Breakout (Weekly)

2023年7月9日

• Deepak Fertilisers reached an ATH of 1062 in the 3rd week of Oct'22 and then corrected by approximately 52% to reach a low of 512.40 in Mar'23. It took support from the base of the triangle pattern and resumed uptrend.
  
  
• On 1st June'23, the scrip succesfully broke out of the triangle pattern reaching a high of 570, followed by 1 month of consolidation.Last week, the scrip has risen by 9%, forming a large bullish candle on weekly chart.
  
  
• Yesterday, it rose by 1.99%. Targets seem achievable in 6 months.
  
  
• Potential upside: 60% to 90% (Medium Term)
  
  
• Maintain Strict Stop Loss: 583 (daily closing basis).
  

2023年7月24日

ノート

Keep Stop Loss @ 566

2023年8月30日

ノート

Stop Loss may be shifted till 533 for a fresh entry.

2023年12月21日

ノート

New entry in Deepak Fertilizers only above Target 1.

2024年1月2日

トレード稼働中

Unfortunately stock couldn't achieve target within timeline. The stock has been testing patience.

2024年2月20日

ノート

Deepak Fertilizers entered into a long term supply agreement for Liquefied Natural Gas with Equinor ASA, Norway.

Positive news keep on coming for fundamentally strong stocks. Never worry about corrections and stay invested.

2024年8月2日

ノート

Although stop loss was hit, the stock achieved 1st and 2nd targets.

Target 3 approaching...

2024年11月13日

トレード終了: 利益確定目標に到達

All targets achieved!!!!