Deepak Fertilisers & Petrochemicals Corpn. – 15.02.2018.

Daily Sentiment: Bearish.

Weekly Sentiment: Bullish.

Trend Strength: Strong

First Target: 334 (Minor support)

Stock has formed Head&Shoulders pattern which is one of the strongest reversal patterns.

So, DEEPAKFERT need a miracle now.

If there are no miracles then there are two potential places from where fall could begin.

First level has been reached already – Pivot point.

Second is neckline (in case if stock clears Pivot point)

To cancel fall I want to see close above right shoulder (see red line).


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