Falling Trendline and Neckline Breakout seen in fertiliser stock

3 Jul

Hello everyone i have brought a stock which has given breakout of falling trendline pattern and later on it has given breakout of neckline with huge volume spike.
Stock name is Deepak Fertilisers and Petrochemicals Corporation Ltd. It is Incorporated in 1979, this is in the business of fertilizers, agri services, bulk chemicals, mining chemicals and real estate.
Technically stock is looking very positive on chart, it has given breakout of triangle pattern with volume.
Price is above 200-DEMA.
Stock is giving bullish crossover on macd indicator.
After falling trendline breakout, stock has given breakout of it's neckline in today's session.

Everything suggesting a uptrend in coming few days to month.
So if anybody wants to accumulate at this levels can do and add more if you get some lower levels on chart around 650.

Market Cap
₹ 9,381 Cr.
Current Price
₹ 743
High / Low
₹ 759 / 450
Stock P/E
21.2
Book Value
₹ 428
Dividend Yield
1.13 %
ROCE
11.6 %
ROE
8.45 %
Face Value
₹ 10.0
Industry PE
41.1
Debt
₹ 4,149 Cr.
EPS
₹ 35.0
Promoter holding
45.6 %
Intrinsic Value
₹ 1,014
Pledged percentage
0.00 %
EVEBITDA
9.34
Change in Prom Hold
0.17 %
Profit Var 5Yrs
50.4 %
Sales growth 5Years
5.17 %
Return over 5years
45.5 %
Debt to equity
0.77
Net profit
₹ 457 Cr.
ROE 5Yr
15.6 %
Profit growth
-62.7 %
Earnings yield
8.39 %

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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11 Sep

Trade aktif

Stock successfully have achieved it's 1st and 2nd target, now it has come at all time resistance zone, and we have seen Doji and Shooting Star candle on top and near to all time resistance zone, there is higher probability profit booking can come, fress entry only can be possible after the breakout of all time high levels.