deepak FERTILISERS gave decisive break out of BULLISH flag with GOOD volume and Healthy momentum while still being in value zone on 15 of April. very soon it will kiss the level of 3000 or even more (100 % expension level of ROUNDING BOTTOM). However Price will have to sail through the waves of Beers at the zone of 1740-1930.
It can be observed that Auropharma is in stage 4(markdown phase). However looking the the Price action it seems that Beers are exhuasted and Price shows lack of Downside momentum (RSI shows Bullish Divergence). We can also Observe the Undecisive Impulsive wave in the downside supporting the above statement. Hoping to see Reversal Price Pattern soon.
