Deepak Nitrite – Candlestick Analysis
Updated
The chart depicts the beautiful set up for investment / trade opportunity.
Recently stock has given a breakout and retested that level with Doji, follows up with Morning Star and Three White Soldier.
The volume builds up through the week and golden crossover at morning star candle clearly indicating a strength in stock.
Weekly Chart
From April’23, the stock in uptrend and given a descending triangle breakout with bullish effulging candle.
Trade/Investment Set Up
Entry above Rs 2180 ;
Short term target – Rs 2320; 3months target – 24 % ;
Stop Loss – below support trendline in weekly chart
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Recently stock has given a breakout and retested that level with Doji, follows up with Morning Star and Three White Soldier.
The volume builds up through the week and golden crossover at morning star candle clearly indicating a strength in stock.
Weekly Chart
From April’23, the stock in uptrend and given a descending triangle breakout with bullish effulging candle.
Trade/Investment Set Up
Entry above Rs 2180 ;
Short term target – Rs 2320; 3months target – 24 % ;
Stop Loss – below support trendline in weekly chart
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Trade active
Momentum Trade closed: stop reached
price below support trendline.
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.