Price Action is making Lower Low Pattern, while MACD Cross is making Higher Low Pattern.
MACD is showing good momentum upward.
The stock should be ready for its next leg up, at least until the next Support/Resistance zone.
Worst case, a retest to the nearest Support zone @ 480 levels.
Any weekly closing under this level can take the stock to new lows.
Trade with the Trend.
MACD is showing good momentum upward.
The stock should be ready for its next leg up, at least until the next Support/Resistance zone.
Worst case, a retest to the nearest Support zone @ 480 levels.
Any weekly closing under this level can take the stock to new lows.
Trade with the Trend.
Trade closed: target reached
Trade Completed. Target Achieved.Total 32% Profits booked.
Time Taken = 3 weeks.
Congrats to those who made good profits with this Trade.
This is how perfectly Price Action can mint you money when done right.
Trade can still be held on based on your Risk Management as the momentum still looks strong and it is possible that the Stock can go further upward.
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Note
720 has formed as a good Support Level currently. We can expect more rally in Deepak Fertilizers in the coming weeks. Congrats to those who are still holding this trade and booking additional profits.Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.