Deepak Fertilisers – Technical Insight

Deepak Fertilisers – Technical Insight (For Educational Purpose Only | SEBI Reg. INH000019886) 🔹 Pattern Setup: Stock is trading inside a large Descending Triangle and also respected a Falling Wedge support at the lower end — showing buyers defending the ₹1,330–₹1,350 zone. 🔹 Momentum & Price Action: Recent bounce from wedge support with strong volume indicates short-term reversal. Price now heading toward triangle resistance near ₹1,440–₹1,480. A breakout above this zone may open upside towards ₹1,600–₹1,750 (pattern target). 🔹 Key Levels: Support: ₹1,330 / ₹1,280 Resistance: ₹1,440–₹1,480 (triangle top) Overall View: Bullish bias as long as price stays above wedge support. Watch the triangle resistance for a decisive breakout. ⚠️ Disclaimer: Educational use only. Not a buy/sell recommendation.