DEEPAKFERT Holds 200-Day SMA; ₹1,289 Key Support

Deepak Fertilisers and Petrochemicals Corporation Limited

declined 3.71% on October 1 but held its 200-day SMA. Key support lies at ₹1,289–₹1,269, while ₹1,400 remains resistance. DEEPAKFERT declined 3.71% on October 1, 2026, but managed to hold above its 200-day Simple Moving Average (SMA), a level widely tracked by market participants to assess the long-term trend. The stock had slipped below this average only once in recent months, on September 15, before rebounding from the same zone, indicating buying interest near support. Despite correcting more than 22% from its August 2026 52-week high, the stock continues to trade over 50% above its March 2026 52-week low, suggesting that the broader price structure remains intact. DEEPAKFERT is currently testing a crucial support area formed by the 200-day SMA near ₹1,289 and the recent swing low of ₹1,269. The ₹1,289–₹1,269 zone remains a key support area for the stock. Sustaining above this range may help stabilize the ongoing correction, while a breakdown could weaken the near-term outlook. On the upside, ₹1,400 remains the immediate resistance level to watch. Disclaimer: I, Akhilesh Jat (SEBI RA Reg. No. INH000016649), do not hold any position in the stock discussed. This content is informational, not a recommendation. Investments in securities are subject to market risks. Read all related documents carefully before investing.