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kalyanganguly

DEEP ENR - Bullish Hammer at 200 SMA

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DEEP ENE RESOURCES LTD (NSE:DEEPENR)  
kalyanganguly  
NSE:DEEPENR   DEEP ENE RESOURCES LTD
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There seems to be a bullish hammer at 200 SMA which also coincides with 0.5 and 0.618 retracement levels which might prove to be an area of confluence. Moreover, there was a bullish breakout with high volume from 200 SMA and there seems to be a retracement back on 200 SMA.

SL: ₹ 40.9
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