Position calPosition call
DEEPAKNTR
ABOVE 2400
TARGET 2500,2546,2620,2754,2850,2944,3000
Stop loss 2370
DEEPAKNTR trade ideas
Deepak Nitrite Trend ReversalDeepak nitride has formed inverted head & shoulder pattern on a daily chart and the neckline has broken.
Have it on your radar. Target 2771.
Publishing this data for self learning purpose.
Target for medium to long - 2771 NSE:DEEPAKNTR
Swing trade on Deepak NitriteDeepak Nitrite charts has formed an inverted head and shoulder on daily time frame.
One can have it in watchlist.
Buy Deepak Nitrate 2 Months back we were short on DN as it created a evening star chart pattern on its weekly chart. When I published that analysis, many people trolled me, however, I was confident with chart and eventually our target of 2000 was achieved! Today on its daily chart DN has created Inverted Head and Shoulder trend reversal pattern , therefore, we are recommending our clients to long DN. Now we can be sure that down trend is over and stock is again ready for its up move. Its a very good Techno-Funda stock one should have in their portfolio.
Target - 2663 and 2900 D
SL - 2358 D
View - Medium to Short term.
H&S breakout Deepak nitrate Head & Shoulder breakout in D chart. Swing traders can take entry at cmp with SL below the right shoulder swing low.
DEEPAK NITRATE HEAD AND SHOULDER PATTERN BREAKOUT Market Cap
₹ 33,446 Cr.
Current Price
₹ 2,452
High / Low
₹ 3,020 / 900
Stock P/E
31.4
Book Value
₹ 207
Dividend Yield
0.18 %
ROCE
39.9 %
ROE
39.6 %
Face Value
₹ 2.00
Deepak Nitrite abhi Zinda HaiCHART -> Deepak Nitrite DAILY SETUP
Beautiful inverse Head and Shoulder forming on Deepak Nitrite. If it gives daily close above 2400, we can see targets of 2700 to 2800 in short term.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Inverted H&S in DEEPAK NITRITENSE:DEEPAKNTR
Clear Inverted H&S pattern formed on daily chart.
can initiate long position with SL below BO level.
Positional target 2700-2725
**EDUCATOINAL PURPOSE
#DeepakNitrite cash : Looks good above 2405.10#DeepakNitrite Cash -Positional
27 Dec 2021
Looks good above 2405.10
Stoploss 2350
Target 2480-2500/2600
Cmp 2348.80
Buy at 2359 TGT 2387 SL 2337Suggestions are based on my analysis only. Please do your analysis before taking any trade.
deepak nitriteNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Forming inverted HNS patternHNS shoulder formation which is about to break neckline.Concentrate if it get weekly closing above 2350
SWING TRADE - R:R 1:2 in DEEPAK NITRITE Potential Opportunity as Swing Trade in NSE:DEEPAKNTR and also predicting positive for long term investment.
Risk : Reward - 1:2 and Clear formation of CUP & HANDLE
Entry - 2372
Target - 2987
Stop Loss - 2087
CLEAR FORMATION OF CUP AND HANDLE PATTERN, ONCE ITS BREAK WE CAN EXPECT BULLISH RALLY - RISK TO REWARD - R:R - 1:2
This is for Educational Purpose only, apply your prudence & consult your adviser before investing.
#nse #swingtrade #nifty #deepakntr
DEEPAK NITRATEStock has shown weakness in price but no major volume selloff. We are bullish in this stock. If bounce shown from here then inverted head and shoulders pattern confirm.
inverse head and shoulder good opportunitywait for break its neak line
its making inverse head and shoulder pattern
wait for breakout 2426 support level
good opportunity
[POSITIONAL] DEEPAKNTR LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Price bounce from 75% retracement : DeepakntrPrice bounce from 75% retracement : Deepakntr
Detailed analysis given on the chart
NSE:DEEPAKNTR
DEEPAK NITRITE ON MOVEDEEPAK NITRITTE has taken support and is now going upwards with great momentum, hence can be considered for going long.
Deepak Nitrate Cmp 2220 dated 2.12.2021Deepak Nitrate Cmp 2220 dated 2.12.2021
1. Small Triangle Pattern on chart BO @ 2225.
Buy for a tgt of 2295-2350-2400-2450 SL 2130
It is just a view, pls trade at your own risk.
