DEEPAKFERT - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.8

Here’s a detailed technical analysis of DEEPAKFERT (Deepak Fertilisers and Petrochemicals Corp Ltd.)

📊 Trend Overview

Current Trend: Consolidating with bearish undertone

Price is below the 50 DMA (₹1,473) but above the 200 DMA (₹1,337), indicating short-term weakness within a medium-term uptrend.

RSI at 49.6 is neutral, suggesting indecision and lack of momentum.

MACD at -18.2 shows a bearish crossover, confirming fading momentum.

📈 Technical Indicators

Moving Averages

Price (₹1,452) < 50 DMA (₹1,473) but > 200 DMA (₹1,337): Neutral-to-bearish short-term, bullish medium-term

RSI (49.6)

Neutral zone. No strong momentum signal.

MACD (-18.2)

Bearish crossover. Momentum is weakening.

Bollinger Bands

Price near middle band, indicating consolidation with low volatility.

Volume Trends

Current volume (2.48L) < 1-week average (2.67L): Declining interest

Suggests lack of conviction from buyers.

🔍 Short-Term Momentum Signals

Bearish Bias

MACD and price below 50 DMA confirm short-term weakness.

RSI suggests indecision, not a reversal.

Institutional flows are mildly positive (FII +0.52%, DII +0.94%), which may support medium-term recovery.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,420 Recent swing low

Support 2 1,337 200 DMA, medium-term base

Resistance 1 1,473 50 DMA, short-term ceiling

Resistance 2 1,550 Previous consolidation zone

Resistance 3 1,650 Pre-breakdown zone

🎯 Entry & Exit Zones

Optimal Entry: ₹1,420–₹1,440 (on dips near support)

Exit Zone: ₹1,550–₹1,650 (partial profit booking)

Aggressive Target: ₹1,700+ if breakout above 50 DMA sustains with volume

🧭 Summary

Trend: Consolidating with bearish momentum

Momentum: Weak, confirmed by MACD and volume

Outlook: Cautious near-term; favorable medium-term if support holds and volume improves

Valuation: Elevated P/E (42.8) vs industry (21.9), decent ROE/ROCE, low debt, and positive profit growth (+21.7%) support long-term potential despite technical softness

Let me know if you'd like a visual chart or a simulated trade setup based on this analysis.

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