Deepak Nitrite.....out of consolidationThe stock is in uptrend after consolidation. The RSI is rising and is above 65. The targets are shown on chart.
DEEPAKNTR trade ideas
Long. Inverse head and shoulder breakout.Inverse head and shoulder breakout. Can enter now in cash. Targets are as mentioned in chart.
Deepak Nitrate Forming Inverted Head & ShoulderDeepak Nitrate Forming Inverted Head & Shoulder : Right Shoulder is in Progress.
Target : 2650
It will negate if its close below 2000 DCB
BREAKOUT BY DEEPAKNITRITEIt has given breakout of its previous resistance and will now movve up fast as it has no nearby resistance.
#DEEPAKNITRITE Inverse H&S breakout post correctionThis stocks seem breaking out form an Inverse Head and Shoulder patter post and good correction.
The current momentum and trend is bullish in short term as well as medium term with decent volumes.
This is positional trade that can move back to previous ATH with interim resistances as indicated at FIB extension levels
Fundamentally also the stock had given good ROE and decent profit growth while being an almost debt free company.
Intraday Trade: watch for resistance breakoutbuy above 2560 in intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Deepak Nit Bullish Deepak Nit Looking Bullish for short term
Inverted H & S leads rally may continue further
deepak nitrite6 jan 2022
strong fundamental company
Forming Reverse Head and shoulder pattern
First very short term target 2740
Second target near 2990
Third long term target 3895
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Just follow the Price Action!1. Inv. H&S Break Out on Daily Time Frame.
2. Positive Divergence.
3. Closed above 50MA
4. Narrow range of 2385-2527. Short Term Target 2525+
5. For higher Target of 3000+, I'd wait for closing above range.
6. Views negated below 2285 DCB
keep an eye on deepak nitrate positional as well as intraday Higher high formation and W Pattern if break the previous resistance after the break of recent high it may give a good move
medium term daily chart deepak nitriteself explanatory chart, medium term (daily time frame). good for medium term investment.
DEEPAKNTR BUYING OPPORTUNITY3rd JAN 2022
DEEPAKNTR had taken the support from its previous two resistance level. After pull back it had formed bullish candle indicating strong bullishness. RSI indicator has also taken the support of its 60 level which confirms bullishness. Above 2510 level good opportunity to go long.
Inverted Head & Shoulder and At ResistanceInverted Head and Shoulder pattern suggests bullishness.
At Resistance, if breaks resistance can go up by Immediate consolidation that is 375 points to reach.
Inverse Head & Shoulder Breakout - Don't Miss Positional Call
Do not miss level. Excellent Stock with string fundamentals.
DEEPAKNTR Trade Setup For TodayIntraday pick for Today - 31-12-2021
stock name : DEEPAKNTR
Time frame : 15 minutes
Wait for proper breakout and retest for entry.
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DEEPAK NITRITE - PositionalWhy this trade..??
1. Inverse Head & Shoulders pattern
2. Rejection at Fib 61.8% level
Reasons mentioned in the chart.
Disclaimer : This view is for educational purposes only and it's my personal.Please Consult your financial advisor before attempting any trade.We're not responsible for your profits or losses.
Deepak Nitrite looking good if sustains above 2365 areaNSE:DEEPAKNTR
Deepak Nitrite had broken out the resistance of 2150 and achieved the first target of 2380 if retest and takes support near 2365 area may achieve 2630 in near futures.
Just my view.
Reversal patterndouble Inverse head and shoulder breakout on Deepak nitrite
Key levels
1. pattern depth 400
2. Breakout level 2372
3. Resistance 2700/2847
4. Support 2275
Good RR 1:3.5
Inverse head and shoulder, All time high possibleAbove all DMAs
All time high possible
Good base formation in uptrend
