Deepaknitrite
DEEPAK NITRITE Note:
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Deepak Fertilizers Breakout ?Deepak Fertilizers were given breakout from Resistance Zone and finished Restest it seems, factors that strengthen Breakout are good Consolidation at Resistance zone & Took support @ Support Zone, If We observe in Day frame it seems like Upper flag (Bullish). We can enter @ CMP by keeping 450 as 1st TGT & 490 as 2nd TGT. Sl if Price closes below 398 level.
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********I am not a SEBI registered adviser. All the information provided by me is for educational/informational purposes only. **********
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DEEPAK NITRITE
Target:- 2737
Stop Loss:- 2346
Duration:- 5 to 6 Weeks
The stock has already break the resistance line and test that resistance line again and used that as a support, showing a bullish candle, which is an indication of upside move. So we can buy this at market order. Use proper stop loss and maintain discipline throughout the trading period and use trailing stop below all the wave step by step.
#deepaknitrate : momentum and trend breakout#deepaknitrate This stock looked good on august 11 when it had bullish reverse divergence
but the up move didn't sustain and could have stopped out for if had a swing trade with a tight one
below entry candle. However it took support on channel low and regained it momentum again with
above average volumes and made a +15% up move. Looks like we can expect a channel trending move
henceforth and therefore an entry on next retracement levels could be a good bet as it moves
further up. The momentum and trend indicator are showing bullishness on short medium and long
term timeframes.
DEEPAKNTR correction happen's to distribute and accumulate.a good fundamental script is undergoing a correction after a long time ....
wait for the correction to end and then start accumulating ,....... have a limited level of accumulating....
DISCLAIMER: im not a sebi advisor. kindly contact your financial advisor and act accordingly and do your own research.
have a great day..