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Price and trend forecast of DEEPAKFERT for Tomorrow, Weekly, Monthly

Deepak Fertilizers and Petrochemicals Corporation Limited

Symbol: NSE:DEEPAKFERT

ISIN: INE501A01019

551.15

As on 2024-04-12

450.00 (52W Low) 714.70 (52W High)

DEEPAKFERT's Today's Performance

Deepak Fertilizers and Petrochemicals Corporation Limited started the day by opening at 562.85 today 2024-04-12. Its shares reached a high of 565.00 and dipped to a low of 550.00 in intraday. When the markets closed, DEEPAKFERT’s stock price settled at ₹551.15 per share. Also check out its key support and resistance levels.

DEEPAKFERT Buy/Sell Targets

Tomorrow, sell DEEPAKFERT when its price reaches ₹ 551.15 with a stop-loss order at ₹ 564.88. You can set the target price as ₹ 537.43 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of DEEPAKFERT for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for DEEPAKFERT

Resistance Levels Value in ₹
Tomorrow Resistance 1 561
Tomorrow Resistance 2 570
Tomorrow Resistance 3 576

Important Supports for DEEPAKFERT

Support Levels Value in ₹
Tomorrow Support 1 546
Tomorrow Support 2 540
Tomorrow Support 3 531
Based on where the stock opens tomorrow, if DEEPAKFERT opens on a positive note, our first target will be ₹561. If Target 1 is achieved, we will aim for Target 2 which is ₹570.

But if DEEPAKFERT falls below the average value of ₹555.38, you can enter a sell side position with target number 1 - ₹546 and second target - ₹540 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of DEEPAKFERT

Looking at DEEPAKFERT, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, DEEPAKFERT has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for DEEPAKFERT is moderate bullish.

Tomorrow's Volume based share price Forecast for DEEPAKFERT

DEEPAKFERT's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 2%.

Reversal detection for DEEPAKFERT

Predicted trend chart of DEEPAKFERT tomorrow for price forecast
DEEPAKFERT may trend may continue to be bearish since stock is making lower low and we can get target of ₹557 in morning tomorrow
Target 1 tomorrow561
Target 2 tomorrow565
Target 3 tomorrow570
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with DEEPAKFERT's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if DEEPAKFERT opens on a positive note, our first target will be ₹560.77. If Target 1 is achieved, we will aim for Target 2 which is ₹570.38.

But if DEEPAKFERT falls below the average value of ₹555.38, you can enter a sell side position with target number 1 - ₹545.77 and second target - ₹540.38

DEEPAKFERT's Weekly Targets
1st Up Target 571.43
2nd Up Target 591.72
1st Down Target 534.43
2nd Down Target 517.72

As the week for DEEPAKFERT ended on bearish sentiments, we can expect further continuation of this sentiment. DEEPAKFERT's initial target will be 571.43 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 534.43 in the upcoming week.

Weekly OHLC Values
Open 565.00
High 575.00
Low 538.00
Close 551.15

Week for DEEPAKFERT started with an open price of 565.00, and the close was at 551.15. DEEPAKFERT reached the highest of 575.00 and dipped lowest up to 538.00 last week. This indicates a bearish sentiment for the week.

DEEPAKFERT full month swing targets
Monthly Up Target 1 608.43
Monthly Up Target 2 628.72
Monthly Down Target 1 497.43
Monthly Down Target 2 443.72

Targets of ₹608.43 can be expected to be reached in the coming month. Once DEEPAKFERT achieved this target, we can aim for the next upside target of ₹628.72.

DEEPAKFERT if fails to hold upside, down targets of ₹497.43 and ₹443.72 can be achieved by end of this month.

For complete three weeks if DEEPAKFERT is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

DEEPAKFERT is expected to reach the target of 560.77 in tomorrow's trading session.

After achieving the initial target in DEEPAKFERT, we will aim for higher targets of 570.38 tomorrow.

However, if DEEPAKFERT starts to trade below ₹555.38, then we will shift our focus to the sell side and aim for down targets of 545.77 and 540.38.