Deepak Fertilizers taking big strides
1. Looks set for a first price target of 749 being the 1.618 fib level from last high (600 SL)...
2. Price target 2 is 915 which is the depth of the cup...Price has also been moving in an ascending channel... be alert if price falls out of the channel as it could go sideways (so one can make that a stop loss)...
3. one can also see the price movement in another way where the price has crossed the previous high and is above the 30 week moving average which makes it a stage 2 stock evolving into stage 3 and can remain invested for a longer time frame as well (484 SL)
Q4 results were strong. With prices of key raw materials reaching to the moon, the company still performed impressively both YoY and QoQ especially in TAN and Nitric Acid. It is also expanding in a very big way in Ammonia production which may come into production in another 18-24 months. A long term investor must keep an eye on the debt financing costs as the interest cycle turns. Also if there are any CCPS/NCD issued which would dilute shareholding, the impact of the same is not studied while publishing this idea.
2. Price target 2 is 915 which is the depth of the cup...Price has also been moving in an ascending channel... be alert if price falls out of the channel as it could go sideways (so one can make that a stop loss)...
3. one can also see the price movement in another way where the price has crossed the previous high and is above the 30 week moving average which makes it a stage 2 stock evolving into stage 3 and can remain invested for a longer time frame as well (484 SL)
Q4 results were strong. With prices of key raw materials reaching to the moon, the company still performed impressively both YoY and QoQ especially in TAN and Nitric Acid. It is also expanding in a very big way in Ammonia production which may come into production in another 18-24 months. A long term investor must keep an eye on the debt financing costs as the interest cycle turns. Also if there are any CCPS/NCD issued which would dilute shareholding, the impact of the same is not studied while publishing this idea.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.