The stock of Deepak Fertilisers & Petrochemicals Corporation has been rallying since the beginning of last week. It bounced off the support at ₹1,400. On Wednesday, the stock surpassed the resistance at ₹1,530, opening the door for a further rally. The price has also moved above both 21- and 50-day moving averages. So, even though there was some price moderation on Thursday, the uptrend is intact. We expect the scrip to rise to ₹1,750 in the short term.
Video Credit: Businessline
Therefore, traders can buy the stock now at ₹1,546 and accumulate on a dip to ₹1,500. Place a stop-loss at ₹1,450 initially. Shift this up to ₹1,600 when the stock reaches ₹1,680. Raise the stop-loss further to ₹1,680 when the stock hits ₹1,720. Book profits at ₹1,750.
Note: The recommendations are based on technical analysis. There is a risk of loss in trading.
Published on September 26, 2025