Deepaknitrite
DEEPAK NITRITE 1000 Soon !! Bullish Inside Candle Forming In Weekly Time frame !
Possible Target 1000
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below.
Educational Purpose Only !
Deepak Nitrite Ltd After a small correction, It can touch 1200
Note: This is my view, you should do your analysis before taking any action.
GET READY FOR THE RALLYA formation of Cup and Handle pattern has appeared. Breakout can be seen in the coming days
DEEPAK NITRITE - VCP Above 878 , it's a road without speed breakers.
VCP formation.
Call it Cup & Handle
Divergence Spotted.
DEEPAK NITRITE TO MAKE NEW LIFE TIME HIGHAccording to my analysis a very good breakout of cup and handle pattern is observed and crossover has happened in moving averages.
so very good upside move is possible.
Disclaimer: Dont invest based on my views.
DEEPAK NITRITE TESTING THE SEPTEMBER HIGHNSE:DEEPAKNTR
If the stock gives 15min closing above 870
BUY : DEEPAK NITRITE
SL : 800
TARGET: 900-905
Note: Leave the the stock if it opens Gap up or Gap down.
Happy Trading...
Deepak Nitrate in Third Elliott Wave with Cup and Handle breakDeepak Nitrate shows Bullish bias for 3rd Elliott wave target 870. Conversely it's cup and handle breakout with cup height ~260+600(breakout point) =860. Stoploss 550. Entry on any dip towards 600.
If Wave 4 retraces 0.382=712 then wave 5 target 960-70
If Wave 4 retraces 0.272=772 then wave 5 target 1032
Calculations and actual movement in stock may differ ask your financial advisors before investing and never trade without stoploss.
Hit like button and follow. Sorry for messy chart ;)
long positional | investment pickGood to time to enter in 550 to 570 for medium term.
Target: 690 to 710
Healthy Breakout on Deepak NitrateAfter Fy21 Q1 result make a correction and after healthy correction break out pattern.
Deepak Nitrite | BUYAfter a minor correction in the first half of August, the stock of Deepak Nitrite rebounded from the support band between ₹550 and ₹570. It rallied and is now retesting the all-time high of ₹673.35. The major trend is bullish and the stock has formed higher low in the daily chart. Going forward, the scrip can breakout of the prior high and witness a strong rally on the upside.
DeepakNitrite - Price ActionThe stock re-tested its crucial resistance turned support at 567 and rebounded making a Bullish Engulfing Candle on daily TF.
Positional:
Buy above 607 for 615, 620, 630, 640 with SL at 597
Deepak Nitrite - Ascending Triangle bullish breakoutNote: This is for educational purpose only.
There is a bullish breakout with ultra high volume. RSI is above 70 which indicates overbought. There would be an consolidation/ pullbac before the next rally.
Deepak Nitrite_45% upside chanceDate: 23 July 2020
Deepak Nitrite (CMP 551.10)
Deepak Nitrite quarterly result is on 30 Jul.
Fundamentally it is a good company. Being into chemical business the pandemic situation should benefit the stock due to increasing demand. One of the best figures of RoCE, ROE, EPS, ROA and lower PE than Industry PE.
PE = 11.84, Industry PE = 12.94, ROE = 46.57, ROCE = 37.69, ROA = 24.74, EPS = 44.80, Debt/Profit = 1.81
If the stock price moves above 570 then expect big rally in the stock. It has consistently performed well over the last few years. It can show a movement of 260 points upside. Final Target would be 830.
T1- 650, T2- 740, T3- 830; SL- 480
Target Duration 4-5 months. (Dec 2020)
