This Analysis was requested by @anerishah269 The chart should tell you everything you need to know about NSE:DEEPAKNTR : However, Below are some 'good to know' pointers: - The Price action is completely sideways in nature with clearly marked support and resistance zones - The price has been consolidating for over 18 months now - Owing to the sideways nature,...
Parallel channel Target 1: 2490-2500 Disclaimer:- Please always consult with your financial advisor or do your analysis before taking trade
- At verge of channel breakout in Daily TF. - Change of momentum to uptrend is seen in Weekly TF - Rounding Bottom formation in Weekly TF
Low risk entry available in Deepak nitrate. SL 2390 Buying on same price range . This stock is crossing its important hurdle after touching it 3 4 times. Risk reward ratio and probability is only the holy grail in the market. Dont lose more than your entry reason.
Flag breakout & retest done. Disclaimer: Intended for educational purpose only and it's not a buy or sell recommendation.
Deepak Nitrate appears to exhibit bullish trends on the technical charts, suggesting potential upward momentum. However, it's crucial to complement this analysis with a comprehensive understanding of the company's fundamentals and market conditions before making any investment decisions
A long consolidation, breakout level at 2510 on monthly closing , also look like forming small rounding base pattern which has range : high-3020; low-1728. Already creating HL, and going to do another HH, which could also be a Breakout of 2510 level.
As per my analysis., DEEPAKNTR is at make or break level. Buy above 2235. Important levels (SL) will be 2035. First Target will be 2425 Second Target 2625 Please do your due diligence before trading or investment. Thankyou.
You can buy at 2084.60 levels as Price reacts for the target of 2203,2354, 2507, 2605, 2944, 3410 Duration few Months
stay connected with stock for good return and good reward with time.
stay connected with stock for good return and good reward with time.
Can we identify the pattern? Whether it is a flag pattern or three black crows?
Deepakntr weekly chart breakout the trendline first target 2685 & Second Target 3000.
Deepak Nitrite on the monthly charts seems to have completed the price and time wise correction. It seems likely that it will shift gears from being sideways to directional.
DEEPAK NITRATE has given range breakout and might hit 2700-3000.. good stock. Do watch
BO at 2300 with volume. Chemical space is finally started moving after long consolidation. If closes above 2355 ( Retracement level-50%)., Next target is 2510 (61.8%)
deepak nitrite making new high after a new breakout. tight consolidation in 2300 range and a huge breakout shows that money is flowing .
Stock name = Deepak Nitrite Limited. Weekly chart setup Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI...