Good Monopoly business strong fundamental as well as Technical structure
Good closing in weekly candle after 6-7 weeks consolidation
Ready for swing 2000 2080 tgt soon
Positional traders
can hold with CLBS 1700
For tgt 2100 2300 2500
Time frame 9-12 months
NSE:DEEPAKNTR is showing great up move and rallying towards 1950-1980 levels. Crossover is also visible along with good RSI strength. In this momentum, it can cross it's all time high this time.
Deepak nitrite recently breakout through the Resistance zone. You can clearly see in the chart. I have marked two zones Resistance zone and Support zone. Since one month stock was trading in between these two zone.
CMP : 1882.35
Positive Points:
Today it breakout with a great amount of volume. Todays volume was above the moving average of volume of 20...
Deepak Nitrate is so bullish and may breakout from its channel patter, so give an entry with appropriate Stop loss only after the breakout
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give...
According to 1day chart anylasis this stock has given solid breakout and closed above upper trandline. So we can buy it current leve. This for best for swing trade or positional buy.
Buy @cmp 1882 or above.
Target: 1960 ++ this is short term target.
Deepak Nitrate appears to be making a breakout from a symmetrical triangle formation. Conservative traders may wait for the day close above the trendline before planning entry.
Deepak Nitrite - Cmp 1825.60
Looks good for long if continues to sustain above 1825 for initial target of 1960.
Reason: The stock is coming out of it's consolidation zone and breaking out with good volumes.
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✺Strategy 1: Only on D close, the stock is currently 3% up so if it closes around 3.5 to 5% up the stock is good to go long for :), it took support from a perfect place and now giving two pattern breakout as a sign of reversal of trend and making higher low thus can make...
Deepak Nitrite has broken out of a triangle and a descending trend line with simultaneous spurt in volume.
Buy: Deepak Nitrite
CMP: 1855
Target 1: 1980
Target 2: 2050
Stop Loss: 1790
Holding Period: 2 Months
Note:
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...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
