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Deepaknitrate

Deepak Nitrate - Turn around possibleStock made a gap down candle post results Followed by 3 base candles and a bullish initiation candle Volume data suggest it may be the climax of down trend If stocks gives a pull back till 1885 -1910 levels and tries to go up again High chance it will go up to 2100- 2150 2nd possibility may be it will accumulate here itself before going up if so happens it is bound to resist at 2100 - 2150 and fall again a little as that area happens to be a gap resistance Post that 2250 is possible Volatility is at peak, Market overall sentiment is consolidation Be cautious before taking trade Make sure to take confirmations from LTF
NSE:DEEPAKNTRLong
by Vishy5
Deepak Nitrite: A meaningful top or still more steam is left? A seen on weekly chart deepak has made a top at 3020 followed by a low of 2005, the next swing high was at 2690 making it a lower high. So a till now a HH-HL-LH has been formed, also after making LH the prices has broke the trend line, now it will be interesting to watch how this will unfold whether new Lower low can be seen or it will broadly move in the range of 2k to 3k. As observed from shareholding pattern FII have done profit booking in this their stack has reduced by 2% approx (retail has absorbed this supply, retail increase by 2%). With this observation i am of this opinion that top has been made and it will consolidate for some time (2k-3k). Will look forward for volume dry down to catch the lower level entries along with volume pickup.
NSE:DEEPAKNTR
by sykhan
Simple Trade Setup | DEEPAK NITRITE | 01-11-2021 [ INTRADAY]NSE:DEEPAKNTR Observations: 1) On daily time frame, we can see in last two trading day, it has been taking support from 100DMA. 100DMA is it critical supprot. And we can see that from 2180 to 2200 is major support. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 01-11-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:DEEPAKNTR
by Trading_hawk
2