Is it good to buy Deepak Fertilisers stock now

 

The Company is engaged in the manufacture of Industrial Chemicals, Crop Nutrition and Technical Ammonium Nitrate.

Let’s study the chart of the stock for more deep analysis.

Chart :

  • If you look at the chart of the stock then you will find that after a long weak pattern the stock is reclaiming its 200-DEMA (blue line). Now after reclaim the stock has formed Horizontal Base chart pattern.
  • Now the breakout of the stock will be above 700 and if it breaks that and retest it with low volumes then it will be attractive. If it breaks 595 then it will become weak and we have to avoid it for the time being.
  • So, right now it is not good to buy it but keep it in watchlist. You can focus on other strong stocks. If don’t know those then join our free telegram channel. Link is given below. Join now immediately.

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