Stock analysis Deepak Fertilizers and Petrochemicals Corporation Limited DEEPAKFERT

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Moving Averages for Deepak Fertilizers and Petrochemicals Corporation Limited

5Day Average: 1062.48
12Day Average: 1074.03
20Day Average: 1048.12
50Day Average: 1037.85
100Day Average: 880.48
150Day Average: 767.68
200Day Average: 720.2

DEEPAKFERT Indicators & signals

Indicator MACD (12,26,9)

1061.79, 1049.94, 16.33
Indicator MACD is in positive zone

Indicator ADX (14)

3.17, 18.37, 19.57
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of DEEPAKFERT Deepak Fertilizers and Petrochemicals Corporation Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
14 Mon Oct 2024	1036.30	1029.60 to 1064.25	-2.07%	0.26 times
11 Fri Oct 2024	1058.20	1048.30 to 1078.00	-0.87%	0.31 times
10 Thu Oct 2024	1067.45	1033.00 to 1117.35	-1.14%	1.29 times
09 Wed Oct 2024	1079.80	1069.40 to 1090.30	0.85%	0.37 times
08 Tue Oct 2024	1070.65	1032.20 to 1080.00	2.16%	0.61 times
07 Mon Oct 2024	1048.00	1001.00 to 1093.80	-3.69%	1.26 times
04 Fri Oct 2024	1088.10	1077.35 to 1127.10	-3.34%	0.99 times
03 Thu Oct 2024	1125.75	1066.00 to 1163.85	1.38%	1.96 times
01 Tue Oct 2024	1110.40	1070.00 to 1134.20	4.09%	2.3 times
30 Mon Sep 2024	1066.75	1062.00 to 1085.60	0.1%	0.44 times
27 Fri Sep 2024	1065.70	1052.85 to 1088.15	-0.52%	0.48 times
26 Thu Sep 2024	1071.30	1046.05 to 1098.00	0.8%	0.6 times

Technical analysis forecast for Deepak Fertilizers and Petrochemicals Corporation Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Deepak Fertilizers and Petrochemicals Corporation Limited DEEPAKFERT at this time. Stock is falling and might fall more.

It appears as if Deepak Fertilizers and Petrochemicals Corporation Limited DEEPAKFERT gave a large move recently.

Stock of Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Deepak Fertilizers and Petrochemicals Corporation Limited is bearish for shortterm, and stock might move down till 1011.1 or till 957. Use a stoploss of 1056.25 and if the stock hits stoploss, then it can shoot up till 1101.37

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