Technical Setup
Deepak Fertilisers & Petrochem (DFP.IN, $2B market cap; $7M ADV)
TECHNICALS
- The stock broke out of a stage-one 24-week consolidation base and made a new 52-week high on more than 2x the average volume. Immediate support is near its 10-DMA (-8%), followed by its 21-DMA (-11%).
- Strong fundamental ratings: EPS Rank 88. SMR Rating of B. High Composite Rating of 97.
- Strong technical profile: The stock has been under accumulation for the past two months, indicating healthy money inflow. Up/Down Volume ratio of 1.3 indicates positive demand for stock. RS line is at an all-time high, with a strong RS Rating of 95.
Institutional sponsorships has increased to 112 funds (+23% y/y) as of March 2025