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DEEPAK NITRITE LTDDEEPAK NITRITE LTDDEEPAK NITRITE LTD

DEEPAK NITRITE LTD

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DEEPAKNTR trade ideas

Deepak Nitrite - What could it bottom?Many people have asked me where DN could bottom out..for me ideally i want to see the stock come somewhere between 1990 - 1930 where it has multiple supports (Fibo + 200EMA + previous support/breakout level). Also at those levels the stock will be reverting back to its mean historical PE. Hopefully around there the stock also develops a positive RSI and comes closer to when their fresh expansions start coming online. So it could be a good move to be a little more patient and look to be a little greedy which waiting for the stock to form a nice rounding bottom.
NSE:DEEPAKNTR
by rdkriplani
[POSITIONAL] DEEPAKNTR LONG BET risk: Reward ratio is 1: 2 Rest as per Charts ******** 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. ======= 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. ======= 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 ********
NSE:DEEPAKNTRLong
by Palkesh_Agrawal
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
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