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DEEPAKNTR

DEEPAK NITRITE - Important support/resistance levelsKey highlights: - Marked out a few important horizontal S/R levels in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - Seems a bit overstretched at the moment - Wait for a pullback to 2000-2100 on lower time frames - Or wait for a consolidation above 2200 on lower time frames Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) Community Manager (India), TradingView
NSE:DEEPAKNTR
by johntradingwick
1
Deepak Nitrite: A meaningful top or still more steam is left? A seen on weekly chart deepak has made a top at 3020 followed by a low of 2005, the next swing high was at 2690 making it a lower high. So a till now a HH-HL-LH has been formed, also after making LH the prices has broke the trend line, now it will be interesting to watch how this will unfold whether new Lower low can be seen or it will broadly move in the range of 2k to 3k. As observed from shareholding pattern FII have done profit booking in this their stack has reduced by 2% approx (retail has absorbed this supply, retail increase by 2%). With this observation i am of this opinion that top has been made and it will consolidate for some time (2k-3k). Will look forward for volume dry down to catch the lower level entries along with volume pickup.
NSE:DEEPAKNTR
by sykhan
DEEPAK NITRITE CORRECTION OVERDeepak nitrite did a healthy correction of 36.2% from last swing high and tested the 200 MA , now it has bounced back from the daily demand zone. 200 MA support Confluence area bounce Daily demand zone support RSI coming to bullish Zone. MACD recovering from bearish zone. BUY ABOVE - 2365 Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:DEEPAKNTRLong
by this_is_shoaib
4
Deepak Nitrite " up to 30% gains "Hi traders/investor, This is a Swing / Positional trade. I can see that a possible bullish momentum can occur in upcoming period because of: 1) Price action is taking support at 0.618 levels of Fibonacci which is golden ratio where trend can possibly reverse. 2) Another support is prior resistance (consolidation) got breakout and that same level will now act as a support. 3) It is also taking support at trendline which started from 26 Feb 21 and till now it had taken support 6 times. So my entry point will be at 2300 levels Stoploss would be at 2140 level , slightly below trendline and previous resistance giving a Risk to Reward of 1:4. and Exit point will be at 3003 level giving upto outstanding 30 % gains. I cant guarantee you when this target will be achieved. This is just an analysis and please do not take any decision solely on this basis . Please give a thumps up if liked this as it requires deep research. This is my first analysis for publish so sorry if any mistakes are there.
NSE:DEEPAKNTRLong
by DhRuV0007
Simple Trade Setup | DEEPAK NITRITE | 01-11-2021 [ INTRADAY]NSE:DEEPAKNTR Observations: 1) On daily time frame, we can see in last two trading day, it has been taking support from 100DMA. 100DMA is it critical supprot. And we can see that from 2180 to 2200 is major support. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 01-11-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:DEEPAKNTR
by Trading_hawk
2