Technical Analysis for 2014!

#1




Deepak Fertilizers has been declining in 2013 with the slack period in the Agricultural sector, with good monsoons in the year 2013. Monsoons this year has helped turned into a Harvesting Boom for the Country.

Deepak Fertilizers is one stock with a visible inverse head and shoulders pattern, with weekly support lying at 102.76. Current Market price is INR106. We are likely to witness a rise towards INR 128 levels with a reversal in the Agricultural Sector.



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