The inventory of Deepak Fertilisers & Petrochemicals has been in a downtrend since October 2022. Even in 2024, the worth has been on a fall until mid-March. Nonetheless, for the reason that third week of March, there was a restoration. Whereas it’s too early to name this upswing a significant bullish development reversal, the short-term outlook seems optimistic for the inventory.
The help at ₹540 is essential as a result of the validity of the present rally depends upon this help staying legitimate. We count on the inventory to the touch ₹620 within the forthcoming classes. So, merchants can purchase this inventory now at round ₹558 and accumulate if the worth moderates to ₹548. Place stop-loss at ₹530. When the inventory surpasses ₹590, tighten the stop-loss to ₹565. Guide earnings at ₹620.
(Word: The suggestions are based mostly on technical evaluation. There’s a danger of loss in buying and selling.)
#Inventory #purchase #at this time #Deepak #Fertilisers #Petrochemicals #Company