DEEPAKNTR trade ideas
NSE:DEEPAKNTRDISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
DN may jump any timeWatch out for CCI, if it is crossing above 100, it will be good entry for quick ride with strict SL.
So... deepak nitrateExactly at support price of 796 and respecting 20 ema from long. And made a hanging man a sign of trend reversal it can go up to 900 ....
i.e, please do your own method of analysis while investing.
Deepak Nitrite- A perfect follower of StepsWe have always heard that resistance once broken turns into support . Just look at this stock doing it multiple times.
Everytime it breaks it comes back to retest existing resistance and goes for another run.It is doing this again.
A rejection candle or long wicks/shadows near the retest/support.
Hope it helps or adds any input in learning curve.
Keep learning Keep earning.
Folks one thing I want to tell you about stock market is:-
Until you learn you wont be able to make money in this market and once you learn you wont be able to loose your money at any cost. It's your choice either to learn or getting screwed and blaming market for your sleepless nights.
Disclaimer: I am not SEBI registered.Trade with your own risk and caution.
Went down but support is held.If the support is held around 858-860, could be a good entry point for long term
Deepak Nitrate Short Term Buy CallThis call is based using trendline and channel breakout above 770 using fib extension targets. Have also taken support of divergence on RSI. Please trade with low exposure with Nifty above 11500
DEEPAKNTR
DISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
Deepak Nitrate in Third Elliott Wave with Cup and Handle breakDeepak Nitrate shows Bullish bias for 3rd Elliott wave target 870. Conversely it's cup and handle breakout with cup height ~260+600(breakout point) =860. Stoploss 550. Entry on any dip towards 600.
If Wave 4 retraces 0.382=712 then wave 5 target 960-70
If Wave 4 retraces 0.272=772 then wave 5 target 1032
Calculations and actual movement in stock may differ ask your financial advisors before investing and never trade without stoploss.
Hit like button and follow. Sorry for messy chart ;)
long positional | investment pickGood to time to enter in 550 to 570 for medium term.
Target: 690 to 710
Healthy Breakout on Deepak NitrateAfter Fy21 Q1 result make a correction and after healthy correction break out pattern.
Deepak Nitrite | BUYAfter a minor correction in the first half of August, the stock of Deepak Nitrite rebounded from the support band between ₹550 and ₹570. It rallied and is now retesting the all-time high of ₹673.35. The major trend is bullish and the stock has formed higher low in the daily chart. Going forward, the scrip can breakout of the prior high and witness a strong rally on the upside.
