DEEPAKNTR
DEEPAKNTR - Best time to buy for long termThe stock is in a strong uptrend after breaking out of a long consolidation phase. It has filled a previous gap and formed a new base, signaling continued bullish momentum.
Entry: Current levels around ₹2,896.
Target 1: ₹3,450
Target 2: ₹3,800
Stop Loss: ₹2,650 (below the breakout level).
Keep An Eye - Resistance Breakout - DEEPAKNTR📊 Script: DEEPAKNTR
📊 Sector: Chemicals
📊 Industry: Chemicals
Key highlights: 💡⚡
📈 Script is trading above its Resistance level which is 2500 on Weekly Chart.
📈 If Script is able to sustain above 2500 level we may see good rally into stock.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 2513
🟢 Target 🎯🏆 - 2733
⚠️ Stoploss ☠️🚫 - 2396
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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DEEPAK NITRITE - Bullish Momentum with VolumesNSE: DEEPAKNTR is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Strategic Buying Opportunities and Potential Surges in DeepakntrA good opportunity to buy is marked on the chart. You can consider buying at the current level. If there's a pullback to 2416 or 2393, it's a good chance to accumulate. The target is 2560. If Deepak Nitrate closes above 2560 for the month, and the next month or the month after that sees the candle crossing above 2560, there's potential for it to reach 2700, 2900, 3000, 3500, and 4000
DEEPAKNTR - Bullish Swing ReversalNSE: DEEPAKNTR is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Positional tradegood accumulation, VCP pattern
u/d ratio more than 3
sellers exhausting.
accumulation going on around 50ema
21ema going towards 50 ema with changing angle
sl is less than 8 percent, which is reasonable for positional type trade.
one big volume bar might reveal accumulation.
buy if stays above 1900.
Cup and handle Pattern breakout in DEEPAKNTRThe cup and handle pattern is one the most reliable pattern if it shows these signs in its formation:
Big volume buying on the reversal from lows which shows that institutions are buying.
Volume dry up on pullback shows in handle shows that the supply is being consumed by institutions showing no selling pressure.
2x or 3x the average volume on pivot breakout.
Big price candle on breakout
Entry - 2185
Stoploss - 1930
Target - 2500/2600
I hope this analysis helps you take better decisions on the stock.
Thank you
Saurabh Yadav
DEEPAK NITRITE Fresh Breakout SeenDeepak Nitrite has seen Fresh Trendline breakout on 4-Hour and Daily Chart.
Reasons to Buy Deepak Nitrite:
# Trendline Breakout Seen.
# Breakout After huge Consolidation.
# Stock already has seen significant correction from all time highs
# Volume on Breakout are decent.
Deepak Nitrite targetJust 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.