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Deepaknitrite

Deepak Nitrite_45% upside chanceDate: 23 July 2020 Deepak Nitrite (CMP 551.10) Deepak Nitrite quarterly result is on 30 Jul. Fundamentally it is a good company. Being into chemical business the pandemic situation should benefit the stock due to increasing demand. One of the best figures of RoCE, ROE, EPS, ROA and lower PE than Industry PE. PE = 11.84, Industry PE = 12.94, ROE = 46.57, ROCE = 37.69, ROA = 24.74, EPS = 44.80, Debt/Profit = 1.81 If the stock price moves above 570 then expect big rally in the stock. It has consistently performed well over the last few years. It can show a movement of 260 points upside. Final Target would be 830. T1- 650, T2- 740, T3- 830; SL- 480 Target Duration 4-5 months. (Dec 2020)
NSE:DEEPAKNTRLong
by Mayur_Undale
1
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.
NSE:DEEPAKNTRLong
by InfinityCapital
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.
NSE:DEEPAKNTRShort
by tradepurge
11