Add DEEPAK FERTILISER to your watch list. Stock has retraced up to 61% and has taken many support at this place, its consolidating at this range for past 6-7weeks. Now it will act as a very strong support for it. But if it retraced below 61% than next downtrend will continue. One can take positional trade in this after breakout( resistance in red line). Same analysis works perfectly on daily chart also, check it up.
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