Deepak Nitrite - Strong Support- The stock is moving sideways for over a month.
- Deepak Nitrite has shown strong support at 1700 levels.
- Resistance is at 1990 levels.
- RSI is at 45, which is a good indication of accumulating this stock.
- Watch for increase in volume , this can make a new all time high in coming weeks.
Deepaknitrite
Deepak Nitrate The price was in an uptrend before going into a correction. Currently, the price is moving in an ascending triangle which may break upwards to continue the uptrend. 200 MA has been continuously acting as a support.
Buy above 1840 to be on a safer side
Target: 1957
Here is the line chart to provide a better view:
deepak nitrite for 27.05.2021deepak nitrite may give good downside move on 27.05.2021.
1. below 1778 is looking weak , have sell position for the targets of 1767 and 1756, with a SL - 1787
2, can go long above 1793, for targets of 1803, and 1812, with sl- 1784, book profit between 1803 to 1812.
3, trade stands void in condition of big gap down or gap up.
Strong possibility of new bullish rally.if we see very closely on 30min chart pattern, there is a very fresh breakout of bullish flag pattern with high volume. stock is already take a support at his existing trend line. also if we see daily chart frame then we realize symmetrical triangle breakout too.
#NATPEROX GET ALOMOST 70% return #STOCK #CHEMICAL #FERTILIZER #NATPEROXIDE
CMP 2284.75
Target: 2900 // 3300 // 4000+
BSE:NATPEROX
LAST RECOMMENDATION FOR THE MONTH!
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Might blast to more than 4000+
Super Bullish on this stock.
From Rachit Sethia with 💚
DEEPAK NITRITE : Cup & handle After the formation of cup & handle , stock has given breakout & formed a nice support near 1600 level before giving today's big move as a breakout. Keeping SL of 1650 one should buy this stock on current level & add on dips (if any) and look for the measured target area of 1950 zone in coming sessions.