Deepak Nitrite will Soon Breakout from the descending Triangle, It has astrong support at 1750, As soon as it breaks 1800, it will move towards 2000.
SWING TRADE: DEEPAK NITRITE, moving in descending triangle pattern, enter once it breaks the trendline near 1812. Or if anyone wants to enter now can also enter with SL below 1710, SL will be big so keep in mind.
Kindly consult ur own finical advisor or do your own research before taking actions on my views . Me and my post will not be responsible for any kind of loss if u trade on this views. Stock :- Deepak Nitrite Buy Range :- Rs 1768 Stop Loss :- Rs 1710 Target :- Rs 1884
I'm just going to say that if anyone says Deepak Nitrite is best for long term and buy it then I just request humbly that if you want to invest for long term the just wait for some time you will get better levels to buy soon it may or may not show 1700 levels and if the market shows some profit booking at big level may go up to 1450-1500 not saying that it will...
I would love Deepak Nitrite to fall within previous wave iv of one lesser degree at 38.25 . Becoz the waves are still in making . Explained in the chart . Regards
deepak nitrite trade on the basis of support and resistance. void if opens big gap up or gap down.
- The stock is moving sideways for over a month. - Deepak Nitrite has shown strong support at 1700 levels. - Resistance is at 1990 levels. - RSI is at 45, which is a good indication of accumulating this stock. - Watch for increase in volume , this can make a new all time high in coming weeks.
1. good to buy above 1808, targets - T1, T2, Stoploss -1796 2. weak below 1778, targets - T1, T2, sl- 1790 3. void if opens big gap up or gap down
1730 make or break level
Stock looks good Great volumes seen Stock flied from 350-400 levels to 1800+ levels in less than a year. At breakout now, 5-10% immediate gain possible
Deepak Nitrite Daily Chart shows a Dark Cloud Cover candlestick formation at a crucial resistance. A valid Breakdown of support marked in the pic will initiate a short.
undrestandin trades through support and resistance.
Another clean BoB example. Good above the horizontal line. 2nd base was tight expecting a good move.
Deepak Nitrate : Good Bounce from support & Range Breakout Possibility Long above 1850 with a SL 1825
1) descending triangle breakout. 2) Horizontal channel breakout. 3)Good volumes Can be bought for target of 1900. CMP-1828. Please like and follow! Happy Trading :) PS- I always believe in trading in stock with good to medium fundamentals(can also be seen from my history of suggested stocks). The success mantra for trading is to mix fundamental and technical...