DEEPAKFERT | Cup and Handle Breakout |Retest | Daily

Here's the **technical analysis** for **Deepak Fertilisers (DEEPAKFERT)**

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### 📝 **Technical Analysis – Deepak Fertilisers (Daily Timeframe)**

**Date:** May 28, 2025
**Pattern Identified:** ✅ *Cup and Handle Breakout*

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### 1. **Chart Pattern Overview**

* A textbook **Cup and Handle** formation is complete.
* Price has **broken out** above the neckline resistance of **₹1327**, with strong bullish momentum.
* This breakout signals the potential beginning of a **fresh uptrend**.

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### 2. **Volume Confirmation**

* **Breakout candle is supported by high volume**, indicating genuine buying interest.
* Volume has surpassed the 20-day moving average — a critical confirmation for pattern reliability.

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### 3. **Price Action Summary**

* Price action shows a prolonged base, forming the cup.
* The handle showed minor consolidation before the breakout.
* Breakout level: ₹1327
* Current price: ₹1444.70
* Immediate resistance broken cleanly with a wide bullish candle.

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### 4. **Target Calculation**

* **Cup depth**: ₹435.85
* **Target Price** = ₹1327 + ₹435.85 = **₹1761.00**
➤ This gives a **potential upside** of **\~22%** from current levels.

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### 5. **Support & Risk Management**

* **Key Support Zone**: ₹1327 (former resistance turned support)
* **Aggressive SL**: ₹1370
* **Conservative SL**: ₹1325 (breakout base)

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### 6. **Trend & Sentiment**

* With this breakout, sentiment has flipped **strongly bullish**.
* Follow-through price action and continued volume spikes will further validate the move.

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### ✅ **Conclusion**

* **Pattern**: Cup and Handle
* **Breakout Level**: ₹1327
* **CMP**: ₹1444.70
* **Target**: ₹1761
* **Stop-loss**: ₹1370–1325
* **Bias**: Bullish
* **Strategy**: Buy on dip / Hold for target with trailing SL

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Would you like a **voiceover script** for this chart as well, or shall I combine this with the previous stocks for a full video/audio narration?