Deepak Nitrite showing continuous sign of uptrend.
I have added all my observations in the chart.
H - High
L - Low
HH - Higher high
HL - Higher lows
briefing all the points,
Technically
Stock is not in overbought zone.
No signs of divergence with respect to prices with RSI graph
50EMA line just crossing 100EMA line
Stock making higher highs and higher lows
no bearish candlestick patter visible on daily chart
Stock seems to be in uptrend
Stock above 200DMA
Fundamentally
1. Stock showed increased operating profit from last 3 quaters.
2. No cons visible on screener site.
3. Increased Investments from DIIs for last 2 quaters
Summary
Stock seems like is in uptrend, with no negative indicator in sight.
H - High
L - Low
HH - Higher high
HL - Higher lows
briefing all the points,
Technically
Stock is not in overbought zone.
No signs of divergence with respect to prices with RSI graph
50EMA line just crossing 100EMA line
Stock making higher highs and higher lows
no bearish candlestick patter visible on daily chart
Stock seems to be in uptrend
Stock above 200DMA
Fundamentally
1. Stock showed increased operating profit from last 3 quaters.
2. No cons visible on screener site.
3. Increased Investments from DIIs for last 2 quaters
Summary
Stock seems like is in uptrend, with no negative indicator in sight.
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