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Technicals for Deepak Fertilisers And Petrochemicals Corporation Limited
By MusingTheNews
2026-02-02 20:31
Overall Technical outlook
Price Summary
In today's trading session, DEEPAKFERT's shares dived by -2.06%, marking a lousy day. Deepak Fertilisers And Petrochemicals Corporation Limited's stock started trading at 990.0 on 2026-02-02, climbed to 1000.0, fell to 960.1, and closed -2.06% down at 969.6, with 579358 shares traded. In the last 52 weeks, the stock's top price was 1743.5 and the bottom price was 927.65. 4 analysts suggest that DEEPAKFERT's future price will lie between 1337.0 and 2000.0, with an average expected price of roughly 1682.25.
Technicals
Aroon: The Aroon indicator shows a continuation of the bearish trend, with Aroon Down holding steady at the 100 level. This ongoing downward pressure requires further exploration with additional indicators to understand its broader implications. Aroon chart for Deepak Fertilisers And Petrochemicals Corporation Limited
Bol. Bands: The current price remains below the lower Bollinger Band, where it has stayed since the previous move. This sustained stay below the band indicates that the market may be experiencing strong downward pressure, possibly oversold. The ongoing bearish momentum suggests that the trend could continue unless a reversal occurs, making this a critical point for market participants to monitor closely. Bolinger Bands chart for Deepak Fertilisers And Petrochemicals Corporation Limited
Parabolic SAR: The PSAR remains in a bearish mode, establishing a resistance level that could hinder any attempts at upward movement for DEEPAKFERT. This resistance reinforces the bearish sentiment, indicating that the market may continue to face challenges in pushing higher. Parabolic Stop and Reverse chart for Deepak Fertilisers And Petrochemicals Corporation Limited
Stochastic: With the Stochastic K-line below the D-line and under 20, the market shows signs of a mildly bearish trend. This configuration suggests possible weakness for DEEPAKFERT, but the bearish sentiment is not overly strong. Traders should be aware of this potential shift and look for further confirmation. Stochastic chart for Deepak Fertilisers And Petrochemicals Corporation Limited
Tripple Moving Agerage: The moving averages for the 20-50-100 periods indicate a bullish trend, though the slopes of the faster averages suggest that this trend may not last. The weakening signals from the shorter-term averages point to a potential reversal, indicating that the current upward momentum could be approaching a turning point. Tripple SMA chart for Deepak Fertilisers And Petrochemicals Corporation Limited
When evaluating a company, it is crucial to examine its fundamentals, including its financial statements, management structure, and market position. Additionally, understanding the broader industry trends, competition, and regulatory landscape helps to create a well-rounded view. By assessing both the company's internal factors and the external environment in which it operates, you can extract more valuable insights from its technical performance, such as stock price movements and trading patterns.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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