Deepak Fertiliser has target of Rs 112: Thacker

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Deepak Fertiliser has target of Rs 112: Thacker

Mitesh Thacker, Technical Analyst, miteshthacker.com feels that short term momentum will continue in Deepak Fertiliser on the upside, which has a target of Rs 112.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about Deepak Fert See messages about Deepak Fert Deepak Fert BSE | NSE 10/02/12 Are Mutual Funds betting on Deepak Fert?

Mitesh Thacker, Technical Analyst, miteshthacker.com feels that short term momentum will continue in Deepak Fertiliser on the upside, which has a target of Rs 112.

Thacker told CNBC-TV18, "We like the entire fertilizer sectors, and on long term charts they present a very bullish picture. But we have seen Coromandel and Deepak being outperformers in this sector, on the short term I think Deepak saw a good traction on Friday and we expect the short term momentum to continue on the upside. The target here would be about Rs 112."

Disclosure - Analyst does not have a holding in the stock discussed.