DEEPAKNTR trade ideas
DeepakNitrate- at retracementit could be show strength of bull….trading at trenline short and see the support level...
Deepak Nitrite can support from trendlines..Deepak nitrite again bounced from trend lines... Support at 1712 levels... Hence little below 1700 as stoploss.. Target is 2000, 2200. Wait for close above 1800
DEEPAKNTR Intraday stock for 17 May NSE:DEEPAKNTR
If you analyse that from 5 th may stocks in downtrend ,yesterday it made bearish big candle and if you see stocks now at 0.236 Fibonacci retracement level so it mostly going down its also below 20 day EMA . Am expecting that it ll reach 0 level of fibonacci retracement which is around 1649-52 beacause there is no support in between till 1650 level. so you can short after it crosses 1710 level with around 20-25 stoploss...expecting target 1650 which is 1:2 risk :reward ratio. (chart timeframe hourly)
caution: this is only analysis not prediction so trade with own risk.
Deepak Nitrite- Bullish- Starting Wave 2470 Target -May 27Elliot Wave 3 - Impulsive Bullish Move is starting in Deepak Nitrite and Big Breakouts and targets will be achieved. Possible to see 2000 + levels in May easily.
1770 as strong support with trendline and fib ext, buy the dip!!The stock gave a huge rally since 24th feb and now started to retrace near 1700 levels, if it sustains 1750-1770 on hourly basis go for long!
DEEPAK NITRITEIN CHART LAST WEEK CANDLE FORMS AS BEARISH-PINBAR AND RSI SHOWS WEAKNESS SO WE CAN SEE AND SMALL CORRECTION OR FALL IN THIS STOCK. WAIT FOR NEXT WEEK AND PRICE MOVEMENT.
DEEPAK NITRATE HEADING WITH A PENNANT PATTERNDeepak Nitrate is fundamentally a very strong company.
Piotroski Score - 9
Deepak Nitrate is showing a pennant pattern in 5 day Chart.
Targets of Deepak Nitrate -
Target 1 - 1923
Target 2 - 1966
Target 3 - 1980
Deepak nitrStock give breakout after consolidate and double bottom pattern and also support on 44 MA so double confirmation. Stock get 2022 target in 1 week
deepak nitrite bullish flag bullish flag formation in deepak nitrite, can see a good move once it breaks
Swing Trade ->Bullish Flag Pattern Deepak NitriteBuy at current price. Stop loss 1600
This is a public swing trade idea and is only for Learning and observational purpose.
pls trade at your own risk.
Deepak Nitrite Ascending Triangle Breakout - Good Fundamentals
- 1780 can be a good entry with a stop of 1640
- Stock has a good Momentum and strength
Short term channelGood fundamental stock and can be bought for the short term because it is at the support of the channel.
It is also showing oversold by RSI indicator on 1hr chart which adds to one more reason.
Targets will be 1700 and 1750.
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Happy trading :)
