Deepak Fertilisers setup catching attention as indicators turn supportive
Apr 22, 2026
Ever wondered in an ongoing trend many analysts suggest to buy on dips but don’t know the levels to initiate the position. Below is the setup which helps you do that and can help in riding big trends
Ichimoku cloud - The Ichimoku Cloud is a technical tool that shows support and resistance, helps to identify trend direction, gauges momentum and provides trading signals.
AK indicator – A custom-built tool designed to assess trend direction, momentum, and potential reversals. Currently, all three lines of the indicator continued to deviate on the upside suggesting that overall tone is expected to remain on the buy side.
How does Ichimoku cloud setup work?
This setup aims to catch the trend early as an eagle waits for the exact moment to catch the prey most of the time. This setup requires price to witness a dip toward the cloud, reverse upward, and then deliver a decisive breakout above its previous swing high.
DEEPAKFERT 15 minutes chart with Ichimoku cloud and AK indicator
Ichimoku Cloud Signals a Healthy Pullback
- As observed on the above chart prices often took support of the Ichimoku Cloud and bounced back on the upside breaking prior swing high.
- Prices found solid support near the 980, 1070, 1195 zone, indicating the cloud acted as a support area.
- Once the stock moved above its prior swing high near momentum picked up sharply.
- The most recent rally was of more than 13% and that too within just three trading sessions, validating the breakout.
AK Indicator Strengthens the Bullish Case
- On the Custom AK Indicator, all three lines started deviating upward simultaneously.
- This synchronized move signalled strengthening momentum and trend continuation, providing a double confirmation along with the Ichimoku setup.
Why Ichimoku + AK Works Well
- The Ichimoku Cloud helps identify trend direction and ideal pullback zones.
- The AK Indicator confirms momentum and trend strength.
- When both align, the probability of capturing strong trending moves increases significantly.
Trend Outlook & Trading View
- The overall trend for DEEPAKFERT continues to remain bullish.
- Traders can initiate long positions once the stock breaks above 1293 as long as the AK Indicator lines remain positively aligned.
On the downside, 1250 is a key support level. A downside deviation in all AK lines would be the first early signal of a possible trend change.
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