Deepak Nitrite is keeping support near 735 - 740
Deepak Nitrate shows Bullish bias for 3rd Elliott wave target 870. Conversely it's cup and handle breakout with cup height ~260+600(breakout point) =860. Stoploss 550. Entry on any dip towards 600. If Wave 4 retraces 0.382=712 then wave 5 target 960-70 If Wave 4 retraces 0.272=772 then wave 5 target 1032 Calculations and actual movement in stock may differ ask...
Good to time to enter in 550 to 570 for medium term. Target: 690 to 710
After Fy21 Q1 result make a correction and after healthy correction break out pattern.
After a minor correction in the first half of August, the stock of Deepak Nitrite rebounded from the support band between ₹550 and ₹570. It rallied and is now retesting the all-time high of ₹673.35. The major trend is bullish and the stock has formed higher low in the daily chart. Going forward, the scrip can breakout of the prior high and witness a strong rally...
The stock re-tested its crucial resistance turned support at 567 and rebounded making a Bullish Engulfing Candle on daily TF. Positional: Buy above 607 for 615, 620, 630, 640 with SL at 597
Note: This is for educational purpose only. There is a bullish breakout with ultra high volume. RSI is above 70 which indicates overbought. There would be an consolidation/ pullbac before the next rally.
Deepak nitrate Long, Brokeout from previous resistance and formed cup and handle
Date: 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 =...
#DeepakNitrite coming out of 9 weeks of consolidation
Deepak 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
Consolidation 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.
buy above 482 short below 465 watch trendline breakout for more precise entry. Target upside- 490, 500
I 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 -...
DEEPAKNTR 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...