Deepak Fertilisers – Technical & Fundamental Insight

Deepak Fertilisers – Technical & Fundamental Insight (SEBI Reg. INH000019886 | For Educational Purpose Only) 🔹Technical View: Stock has given a breakout from a falling wedge pattern with strong volume support — signaling trend reversal. RSI around 62 reflects bullish momentum. Sustaining above ₹1500 could push the stock toward higher targets. Key Levels: 🔼 Upside: ₹1550 – ₹1620 (initial), ₹1700 (extended) 🔽 Supports: ₹1460 / ₹1400 🔹Fundamental Snapshot: One of India’s leading chemical & fertiliser companies with strong domestic and export demand. Steady earnings growth, healthy balance sheet, and expansion in chemical segments support long-term strength. 💡Holding above ₹1500 may open the next leg toward ₹1620–₹1700 zone. ⚠️Disclaimer: For educational use only. Not a buy/sell recommendation.