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Deepak fertilizer looks strong

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DEEPAK FERTILISERS (NSE:DEEPAKFERT)  
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NSE:DEEPAKFERT   DEEPAK FERTILISERS
Support and Resistance Trend Lines Moving Averages DEEPAKFERT bulllish strong trendlinebounce retracement upmove
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supportandresistance trendline movingaverage deepakfert bulllish strong trendlinebounce retracement upmove
Deepakfert is looking ready for an upmove. It has bounced after taking support thrice from a strong trend line. It has also broken out from downtrend. RSI is now above 50 which also gives the same signal.
The stock looks strong if it gives a closing above 650-660 levels which is its 30 DEMA for about 10% upmove.

THis is my personal analysis only for educational purposes.
Komen:
Took resistance from 660 levels. Keep in watchlist.
Komen:
Formed a double top at 660 in 1 hr time frame but has given a good closing today.
Above 662, stock might move well in intraday.
Penafian

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