Chart Check: Zuari Global, GSFC, Deepak Fertilisers can rally up to 18%

Deepak Fertilisers has broken out of the consolidation range of Rs 390 to Rs 340 levels, and can rally up to Rs 450-odd levels.

Deepak Fertilisers & Petrochemicals Corp. Ltd (DEEPAKFERT)
Likely target: Rs 450 and Rs 475
Upside potential: 7% and 12%

The shares of Deepak Fertilisers and Petrochemicals have broken out of the consolidation range of Rs 390 to Rs 340 levels, according to the daily chart. This symbolizes a bullish sentiment heading in the direction of Rs 450 and Rs 475, which are its next crucial resistances. The Moving Average Convergence Divergence (MACD) offers it support by crossing the zero line upward pointing at a positive momentum. The immediate support comes at Rs 410 and Rs 400 levels.