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Deepaknitrite

NOCIL LTD IS LOOKING GOOD FOR A POSITIONAL TRADE.NOCIL LTD HAD CORRECTED 40% FROM ITS TOP And it is ready to give a huge run-up of 27% FUNDAMENTAL REASON 1. China had stopped its supply throughout the world so India is expected to fill those requirements and the company is in the chemical business so there would be a huge demand in the coming future. 2. We could see some huge movement today and this kind of movement is usually made by big institutions so Big institutions might be investing in this company. 3. Because big investors are buying into this company it might show some good results upcoming. TECHNICAL REASON 1. The stock had recently given a breakout of its 2 important moving averages (50,200). 2. The stock had formed an inverted head and shoulder pattern and it is ready to break the pattern. 3. And if you see the RSI we could see a bullish divergence in the RSI. 4. The stock had taken support from a trend and it has given a big movement. SO, AFTER THE BREAKOUT OF THE NECKLINE WE SHOULD MAKE SOME POSITION IN THIS COMPANY
NSE:NOCILLong
by farhanf7867
Will DEEPAK NITRITE BreakOut or BreakDown ?DEEPAK NITRITE has been trading in Descending channel for the last few months. However, it is forming a Flag and Pole pattern as per weekly/Monthly charts. The stock has been trading near the channel highs and resistance levels, if it breaks out from these levels, it's likely to reach 3000 levels again. Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing. Happy Trading
NSE:DEEPAKNTR
by jayaprakash99
deepak nitriteDeepak Nitrite Limited is a chemical manufacturing company. The Company's segments include Bulk Chemicals and Commodities (BCC), Fine and Specialty Chemicals (FSC), and Fluorescent Whitening Agent (FWA).Midcap With a market cap of ₹31,130 cr, stock is ranked 156,Moderate Risk Stock is 2.59x as volatile as Nifty Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:DEEPAKNTRLong
by SENSITRADE_T
Deepak Nitrite: A meaningful top or still more steam is left? A seen on weekly chart deepak has made a top at 3020 followed by a low of 2005, the next swing high was at 2690 making it a lower high. So a till now a HH-HL-LH has been formed, also after making LH the prices has broke the trend line, now it will be interesting to watch how this will unfold whether new Lower low can be seen or it will broadly move in the range of 2k to 3k. As observed from shareholding pattern FII have done profit booking in this their stack has reduced by 2% approx (retail has absorbed this supply, retail increase by 2%). With this observation i am of this opinion that top has been made and it will consolidate for some time (2k-3k). Will look forward for volume dry down to catch the lower level entries along with volume pickup.
NSE:DEEPAKNTR
by sykhan
DEEPAK NITRITE CORRECTION OVERDeepak nitrite did a healthy correction of 36.2% from last swing high and tested the 200 MA , now it has bounced back from the daily demand zone. 200 MA support Confluence area bounce Daily demand zone support RSI coming to bullish Zone. MACD recovering from bearish zone. BUY ABOVE - 2365 Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:DEEPAKNTRLong
by this_is_shoaib
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