Deepak Nitrate Cmp 2448 dated 5-1-2024
Weekly Chart (Positional Swing trade)
1. Dark Cloud Cover @Resistance
2. RSI fall
3. Good RRR
Sell below 2415 target 2375-2350-2325-2250-2200
SL 2525
It is just a view, please trade at your own risk.
Deepak Nitrite has broken daily resistance. It has retested couple of time and now has started taking support of EMA20. We can expect the price to move to 2700 - 3200. Other factors:
1. RSI above 60
2. MACD making green histrograms
3. Price testing EMA20
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The following trading idea shared is for informational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or hold any particular stock.
Swing Trade opportunity in DEEPAKNTR at CMP
Refer our old idea attached below.
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Midcap stocks are going to boom.
long term investment; min 40% return.
huge potential is there.
investment ;
Wait for retracement.
if you are interested in investment, go for it with small risk,
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. more than that " Deepak Nitrite " is fundamentally good.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on...
📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF DEEPAK NITRATE :-
•Breakout of symetrical pattern on WTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few weeks high...
Good rising pattern formation with Ray Angle analysis in Deepak nitrite. It will activate ones it cross 2340 mark. Then you can look for above targets. Head & shoulders formation is also on the way.
A good opportunity to buy is marked on the chart. You can consider buying at the current level. If there's a pullback to 2416 or 2393, it's a good chance to accumulate. The target is 2560. If Deepak Nitrate closes above 2560 for the month, and the next month or the month after that sees the candle crossing above 2560, there's potential for it to reach 2700, 2900,...
A good opportunity to buy is marked on the chart. You can consider buying at the current level. If there's a pullback to 2416 or 2393, it's a good chance to accumulate. The target is 2560. If Deepak Nitrate closes above 2560 for the month, and the next month or the month after that sees the candle crossing above 2560, there's potential for it to reach 2700, 2900,...
A good opportunity to buy is marked on the chart. You can consider buying at the current level. If there's a pullback to 2416 or 2393, it's a good chance to accumulate. The target is 2560. If Deepak Nitrate closes above 2560 for the month, and the next month or the month after that sees the candle crossing above 2560, there's potential for it to reach 2700, 2900,...
Deepak Nitrate
A good opportunity to buy is marked on the chart. You can consider buying at the current level. If there's a pullback to 2416 or 2393, it's a good chance to accumulate. The target is 2560. If Deepak Nitrate closes above 2560 for the month, and the next month or the month after that sees the candle crossing above 2560, there's potential for it to...
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Deepak Nitrite Limited had been pretty quite in this bull run but not anymore. We are witnessing momentum in Chemical sector and Deepak Nitrite Limited is giving its breakout in this juncture.
The growth of the company is picking up quarter on quarter basis.
eps rising ✅
net profit rising ✅
sales rising ✅.
Before I share my analysis on this chart, I'd like to emphasize that this is intended for educational purposes only and is not financial advice.
1) Throughout December 2023, the chemical sector has shown promising signs of positive volatility.
2) In my view, after two years of consolidation, the chemical sector appears poised for an up move.
3) Deepak Nitrite...
NSE:DEEPAKNTR
CMP: 2379
Reason for Trade : Verge of WEEKLY BO
Entry : Cmp or near Support 2280
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
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