Deepak Fertilizer Wave 5 Projections and Cup pattern

Fertilizer stocks on the move. Consolidation happened in Deepak Fertilizer in wave 4 is expanding flat correction which ended at 0.236 fibonacci retracement .

Long near 420 with strict SL 380 for 600-640 and if got lucky then extended wave 5 targets of 800 possible. Channel Breakout will give extended 800 target confirmation.


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Technical analysis provided on the chart is solely the personal views of my research.
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Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
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Not recommended to take FnO positions based on this analysis

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