Deep Industries stock has taken off recently and you never know how far stock can go on this momentum move
Here’s the Daily Chart of Deep Industries
As you can see in the chart above: Deep Industries made a big momentum move from 28 to 40 in span of 4-5 days. The stock in last two days have become quiet and seems to be consolidating – a very normal trading action after a big move. It’s quite possible that stock may do the same for few more days before next round of bullish action. Such consolidation provides excellent opportunity to enter.
Remember, this is a low liquid stock and should be considered only for short term trading purposes. Keep a stop loss on closing basis below 35.5.
