hi traders ., 1. deepak nitrite finally break the channel top also we can take it as bull flag. 2 . after 12 months consolidation period finally its broke 3 . in day wise its formed inverted h&s pattern 4 first target around 2400 & for long term target 3000 5 target period 15 - 20 days for 2400 (swing trade )
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets...
The cup and handle pattern is one the most reliable pattern if it shows these signs in its formation: Big volume buying on the reversal from lows which shows that institutions are buying. Volume dry up on pullback shows in handle shows that the supply is being consumed by institutions showing no selling pressure. 2x or 3x the average volume on pivot...
Deepak nitrate breaking out with huge volume making cup & handle target 1 and 2 mention in chart SL should be 2000 do research before investing
Long on Deepak Nitrite Good breakout | Swing Trading #Swing Trading #Chartpattern
NSE:DEEPAKNTR Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. 2. Close, should be good and Clean. 3. R:R ratio should be 1 :2 minimum 4. Plan as per your RISK appetite Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Deepakntr is looking good for upside Sl below 1975 Target can be 15-20% in september month.
📊 Script: DEEPAKNTR (DEEPAK NITRITE LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 📊 Sector: Chemicals 📊 Industry: Chemicals & Petrochemicals Key highlights: 💡⚡ 📈 Script is trading towards upper band of BB. 📈 Already crossover in MACD. 📈 Already Crossover in Double Moving Averages. 📈 It is giving TRENDLINE AND ROUNIDNG BOTTOM BREAKOUT 📈 Right now...
NSE:DEEPAKNTR According to my Analysis, Deepak Nitrite looks bullish for Positional trade i.e. from 1 to 6 months. The prices are trading above the Moving Averages which shows bullishness. The MACD indicator is bullish as the MACD line is above the Signal Line. The RSI indicator is above 50 levels which shows the strong momentum. SL : 1948.20 Target 1 :...
Deepak Nitrite has seen Fresh Trendline breakout on 4-Hour and Daily Chart. Reasons to Buy Deepak Nitrite: # Trendline Breakout Seen. # Breakout After huge Consolidation. # Stock already has seen significant correction from all time highs # Volume on Breakout are decent.
DEEPAK NITRITE Pennant Pattern Breakout Retest Level looks for Long Only When Nifty take Support On nearby Level.
Stock faced rejection around 200MA & closed below 2050 Support. 2007-2000 is small support below which expecting a fall upto 1935-1940 support zone for a possible bounce again.
We can take long position in this ,if price will give closing above 2060 or 2065, previously, price gave breakout after consolidation with good volumes , and also gave trendline breakout ,stoploss will be low of entry candle.
Deepak nitrile for 1 Week Swing Trade Buy at 1945 Stoploss - 1904 Target - 2000, 2025, 2050
Buy with SL below recent swing low Plan ur risk accordingly Deepak Korgaonkar
deepak ntr ready for rounding bottom breakout can test 2100-2200 from here
Symmetrical triangle breakout is near price 1986 level. Also a good reversal candles are visible from overall downtrend of Fibonacci 50 percent.
stock on sideways trend and also in consolidation phase wait for reversal from support zone and also for breakout from this support zone