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...
descending triangle on the bigger time frame
following in channel from past 60 days
now near at support of triangle and long term support of uprising channel
best entry @ 1735
part entry @ 1170- CMP
Stoploss - below 1720 but 2 major support will defend
Deepaknitrate breakout box maybe 107 to 110 point maybe 1dy timeframe best this is not recommend buy or sell education porpoise only 🐂🐂🐂🐂🐂🐂🐂🐂🐂🐂🐂🐂🐂🐂🐂🐂🐂🐂🐂🐂 🐂🐂🐂🐂🐂🐂🐂🐂🐂🐂 MAYBE
Deepak Nitrate, Taking support from previous resistance, Bullish flag and pole pattern, 50EMA support, Rsi cooled, Sellers vanishing(MACD), Good RR ratio, Chemical sector in Monsoon, Best fundamentals after AlkylAmines in chemicals, Buy for swing/long when it breakes trendline with volume.
Thanks.
The scrip can be seen making a strong base support at 61.8 fibo retracement level. Trend resumption expected soon. Ideal for starting an accumulation pyramiding.
Invalid if gives a closing below 1700,
Hello!! i am MBA in finance and an active trader.
we can see a Descending triangle pattern in Deepak Nitrate
Entry only above 1800
-lets share and grow together ;)
