traingale pattern formation wait for breakout or reversal and breakdown. take one dip on next support according to market sentiment.
I think this deepak nitrite will give breakout bullish side and if give along with volume do purchase its very good stock
Just compare rsi support line n price chart you will find whenever it broke ema 20 there was a rsi trendline support at bottom and it bounced from there, however now things seems changed, rsi already broke down of its support trendline, n stock is at to break ema20, it will test ema50 + its channel bottom +trendline from may2014.
Resistance faces Trendline +fibbonacci Deepak nitrate shorting opportunity
This scrip is highly overvalued, and fair value is around 888 (personal view after deliberating fundamentals). Currently, Wyckoff distribution is playing out, and further downside is expected. Fundamentally, scrip is strong, but it is highly overvalued due to excess liquidity. With each interest rate hikes, the fair value, which is 55% of the highs of pre-covid...
I have used weekly chart of Deepak nitrite to find the THREE DRIVE pattern. As per the analysis 1462 is the strongest demand zone as the price action + prz convergence is happening there. This is a very attractive price.
A beutiful Descending Triangle formation oberverd in DeepakNitrite good for trader looking to intrested in learing of triangle formation learing is first step towards earning action may be taken 1700 pe sell @19 2 lot 2300 ce buy @ 1lot 2400 ce sell 2 lot june for education purpose mcpriceaction
Deepak Nitrite Ltd - 03.06.2022 The stock is trading @ 1958 levels Re-entry on Buy Side is good above 2010. STOCHASTIC is OVERBOUGHT in Daily Chart The prices are near EMA There is a RESISTANCE @ 2050 Watch out for the price action
Price making head and shoulder pattern, head part formed and price reached the resistance levels now its time for the right shoulder . . .
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...
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...
NSE:DEEPAKNTR #NSE:DEEPAKNTR formed beautiful triangle and all levels marked for practice. Last month we have delivered good results to our friends and complete details shared. Check my signature column, you will get all the details. you can leave your feedback on this analysis and u can like too. Happy LEarning !!
Deepak 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...
Deepak Nitrite is looking good above certain levels. It is retesting it support and if sustain then we may see fresh upside
Solid buying is seen in Deepak Nit hence targets of 2400/2500 are justified as per open interest
deepak nitrite on the verge of breakout! BUuy above 2300 levels....
buy confirmation has arrived with target of 2900 and stop is head. just a view with simple technical and not using ELLIOTT WAVE.
Deepak nitrite looking very strong as 1. it has brokeout the trendline 2. huge volume came near 2100 3. broken the resistance with strong candle with huge volume it looks good for short term to medium term for 2400++ targets views are for educational purpose,, price volume study