1. good to buy above 1808, targets - T1, T2, Stoploss -1796 2. weak below 1778, targets - T1, T2, sl- 1790 3. void if opens big gap up or gap down
1730 make or break level
undrestandin trades through support and resistance.
The price was in an uptrend before going into a correction. Currently, the price is moving in an ascending triangle which may break upwards to continue the uptrend. 200 MA has been continuously acting as a support. Buy above 1840 to be on a safer side Target: 1957 Here is the line chart to provide a better view:
Stock is on pullback area Accumulating and taking support at previous levels Buy on breakout with high volume Tgts near 2000++
If Deepak nitrate breaks this triangle we can go long for short term targets.
deepak nitrite may give good downside move on 27.05.2021. 1. below 1778 is looking weak , have sell position for the targets of 1767 and 1756, with a SL - 1787 2, can go long above 1793, for targets of 1803, and 1812, with sl- 1784, book profit between 1803 to 1812. 3, trade stands void in condition of big gap down or gap up.
if we see very closely on 30min chart pattern, there is a very fresh breakout of bullish flag pattern with high volume. stock is already take a support at his existing trend line. also if we see daily chart frame then we realize symmetrical triangle breakout too.
my point of view,its great chance to enter seeeing the price action.
it could be show strength of bull….trading at trenline short and see the support level...
#NATPEROXIDE CMP 2284.75 Target: 2900 // 3300 // 4000+ BSE:NATPEROX LAST RECOMMENDATION FOR THE MONTH! If you like my work, KINDLY LIKE, SHARE, & FOLLOW THIS PAGE for latest stock recommendations for free. Might blast to more than 4000+ Super Bullish on this stock. From Rachit Sethia with 💚
Deepak Nitrate is fundamentally a very strong company. Piotroski Score - 9 Deepak Nitrate is showing a pennant pattern in 5 day Chart. Targets of Deepak Nitrate - Target 1 - 1923 Target 2 - 1966 Target 3 - 1980