mohit_bhayana

Deepak Nitrite showing continuous sign of uptrend.

Long
BSE:DEEPAKNI   None
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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.