DEEPAKNTR trade ideas
Falling Wedge Realm - Price Action AnalysisIn a daily time frame, Deepak Nitrite has been observed in Falling Wedge Pattern Structure
The falling wedge is a bullish price pattern that represents a story about the market in which bulls are preparing for another push. A falling wedge pattern is bullish, although it appears after a bearish trend.
The falling wedge pattern works as both a trend work as a trend reversal and a trend continuation pattern.
If the falling wedge appears in a downtrend, it is considered a reversal pattern.
A falling wedge is an important technical formation that signals that the correction, or consolidation, has just ended as the asset’s price left the wedge to the upside and, in most cases, the continuation of the overall trend is taking place.
In Current structure we can see that the price has been higher than the 20 MA level ,which is good sign for Bullish and also price has sustained above the support level along with good volume accumulation.
Currently, Deepak Nitrie is at 1919.40 Rs, If the pattern continues , the price of Deepak Nitrite might reach the 2360 Rs level . If the trend reversed, then the price of Deepak Nitrite may fall to 1720 Rs level
Deepak Nitrite -- Very good RR tradeSymmetrical triangle breakout is near price 1986 level.
Also a good reversal candles are visible from overall downtrend of Fibonacci 50 percent.
DeepakntrFlag pattern, going to breakout....
if u face loss in stock market till now, then its for u.
Buy this in futures and rollover for 3 to 6 months.
MIn you will get 500 points, its 500*250 = 1,25,000 profit
Total investment =1,30,000 only
*buy it in low price
Deepak nitrite making a nice patternDeepak Nitrite is making a wedge pattern. Consolidation going on near important support zone. Watch out for breakout of the pattern for the proposed targets.
Pattern and levels mentioned in chart.
Follow strict risk management.
BreakoutNSE:DEEPAKNTR
Price taking support at the higher time frame, keep watch for the breakout on daily time frame.
Thanks...
Bullish on deepak nitrateas per price action in weekly and daily timeframe, deepak nitrate is looking bullish. near breakout zone.
DEEPAK "JALEGA"???Explained on the chart. Let's see how it unfolds.
Statutory warning- views r personal. should not be construed as investment advice.
Note- don't forget to press the "LIKE" button. Recently losing interest in publishing ideas.
DEEPAKNTR - LONG - 5% immediate upsideDEEPAKNTR has given trend reversal confirmation by giving inverse head and shoulder pattern breakout at 1840 level. We can look at immediate target of 1990 - 2000 levels. As this is fundamentally quality stock, if sustains above 2150 levels, this is good for long term for new ATH from here on.
deepak nitrnitrite stock on sideways trend and also in consolidation phase
wait for reversal from
support zone and also for
breakout from this support zone
deepak nitritebig candle of marubozu candle formation
which is bullish candle and with high volume.
trend may continue at level 2025.
deepak nitriteCheck chart.
All things are uncertainty due selling pressure on overall market so wait for confirmation and always take a dip on support.
deepak nitritesmall traingle foramation so wait for traingle breakout as well as ressistance.
volume- down
price trend - down
give signal that reversal from here
next support level is best to buy.
Triangle pattern in DEEPAKNTR.In 1 hour timeframe, DEEPAKNTR trading in triangle pattern. Today session expected reversal from support level near 1770 and expected upside target upto 1810+. This target can extend further in case it gives breakout of resistance level near 1810. After breakout project target will be 2100+ in upcoming few trading session.
deepak nitritetraingale pattern formation wait for breakout or reversal and breakdown.
take one dip on next support according to market sentiment.
DEEPAK NITRITE in Bearish Territory first time in HistoryDEEPAK NITRITE is in BEARISH TERRITORY. It is currently in STAGE 4 (Downward) after being in STAGE 2 (Bullish) for a Long Time. Great Time to Accumulate this Stock at Lower Prices.
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.
Deepak nitrate shorting opportunity Resistance faces
Trendline +fibbonacci
Deepak nitrate shorting opportunity
Wyckoff distribution of Deepak Nitrate This scrip is highly overvalued, and fair value is around 888 (personal view after deliberating fundamentals). Currently, Wyckoff distribution is playing out, and further downside is expected.
Fundamentally, scrip is strong, but it is highly overvalued due to excess liquidity. With each interest rate hikes, the fair value, which is 55% of the highs of pre-covid level may become available with squeez in liquidity. At 1850 it is appx 225% of the pre-covid highs, insanely high!
Technically, it is under-pressure, and further pain can be expected in distributive manner, until a fair value is achieved.
For further information, look at the chart. It is self-explanatory!
Disclaimer: For educational purpose. Consult your financial advisor before investing.
Deepak Nitrite Stock Analysis I have used weekly chart of Deepak nitrite to find the THREE DRIVE pattern. As per the analysis 1462 is the strongest demand zone as the price action + prz convergence is happening there. This is a very attractive price.
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Analysis done in this video is based on Price action only
