Deepak Nitrite - 497 by 7th JulDeepak Nitrite - 497 by 7th Jul. Deepak nitrite looks bearish in the short term. Will take off next week. Looks bullish in 1 month time frame
Deepaknitrite
DEEPAK NITRITEConsolidation in a rectangle.
try to buy on dips 490-495
Target = 546 - 8.3%
SL = 490 - 2.7%
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
watch for TL BO or Support Breakdownbuy above 482 short below 465 watch trendline breakout for more precise entry.
Target upside- 490, 500
Long Deepak Nitrite @485I took a pilot position at 485 and I will be looking to add at minor corrections or on the way upward (when the price shows more strength)
Technicals: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs
Fundamentals:
This stock shows good sales and profit growth.
3 years of sales growth - 25.3
3 years of profit growth - 40.4
Margins at a record high of 24, although this doesn't look sustainable.
TTM earnings up 251%. lots of headroom for the stock to move up plus with decent earnings growth, this can turn out to be a multibagger.
Deepak Nitrite Descending Triangle BreakoutDEEPAKNTR has formed a descending triangle channel in 1 hour time frame over the last few days.
Theoretically a descending triangle breaks out downwards.
The price is currently hovering just above the lower side support of the triangle pattern suggesting a breakdown.
Look for SHORTING opportunities after confirmation of breakout in intraday BELOW 480 levels.
TARGET is suggested @ 461
NOTE: Trade with confirmation of momentum & volume on lower timeframes, BEWARE of a fake breakout.
Deepak nitrate new bottom at 300-320A must have in portfolio.
Buy at small risk around 300-320 with 10% stop loss.
Target will be around 1000 in 1 year.
Momentum stoc
Deepak nitrate bottom around 300-315.After a sharp correction in deepak nitrate the stock is still maintaining its momentum.
We can expect a bottom formation around 300-320 level.
Buy with a 10% stop loss.
This stock looks good with other few stocks which can give huge return in next couple of months.
good bet on DEEPAK bhaiexcellent Q3 results posted by deepak bhai.
Bullish Hammer candlestick.
good swing trade bet
Deepak Nitrite BREAK OUT AND PULL BACK HAS COMPLETED Deepak Nitrite BREAK OUT AND PULL BACK HAS COMPLETED.... as i think it is one of dolly khann pick
