DEEPIND
Deep Industries Limited - Cup & Handle Breakout📊 Script: DEEPINDS (DEEP INDUSTRIES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: N/A
📊 Sector: Energy Oil Gas & Consumable Fuels
📊 Industry: Offshore Support Solution Drilling
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Already crossover in Double Moving Averages.
📈 Volume is increasing along with price which is volume breakout.
📈 Script is giving breakout of Cup & Handle pattern.
📈 Current RSI is around 72.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 297.95
🟢 Target 🎯🏆 - 340
⚠️ Stoploss ☠️🚫 - 274
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
DEEPIND MAY 11 intraday viewPRICE ACTION ANALYSIS
IT MAY HIT 85
Deep Industries Limited started in the year 1991, with a primary objective of catering the ever increasing demand for Oil and Gas Industry. Since its inception, Deep Industries Limited has been serving the industry in various segments with the foremost being providing Air & Natural Gas Compressor Services on chartered hire basis, wherein company commands a healthy market position and is also the first company in India to offer such services. In the year 2006, company successfully diversified itself in providing Workover & Drilling Rig Services on chartered hire basis. Currently, company holds a strong fleet of Onshore Workover & Drilling Rigs ranging from 150 HP TO 1500 HP.