DEEPAK FERTILIZER - Breaking Out in DTF, New ATH

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DEEPAKFERT has resistance weakening on the Daily charts and has given a breakout with good volume and making a new ATH.

The target of this pattern signals an upside potential of 20% from the current price level in the medium term.
The stock is trading above its 50- and 100-day exponential moving averages (EMAS). The range is more than 1.5X, and the Volume is also 1.5X the average.
CMP- Rs. 1449.80
Target Price- Rs. 1650 (~20% upside)
SL- 1356

Disclaimer: This is not a buy/sell
recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.

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