DEEPAKNTR trade ideas
Long Term Deepak NitrateDeepak Nitrate has formed a cup and Handle. Previously it had resistance at 556-567 levels. It has crossed it and we can buy around 593-595 levels.
Deepak Nitrite - Ascending Triangle bullish breakoutNote: This is for educational purpose only.
There is a bullish breakout with ultra high volume. RSI is above 70 which indicates overbought. There would be an consolidation/ pullbac before the next rally.
BUY Deepak NitriteIt has already broken the resistance zone. Buy again if it retraces back to resistance.
Deepak Nitrite_45% upside chanceDate: 23 July 2020
Deepak Nitrite (CMP 551.10)
Deepak Nitrite quarterly result is on 30 Jul.
Fundamentally it is a good company. Being into chemical business the pandemic situation should benefit the stock due to increasing demand. One of the best figures of RoCE, ROE, EPS, ROA and lower PE than Industry PE.
PE = 11.84, Industry PE = 12.94, ROE = 46.57, ROCE = 37.69, ROA = 24.74, EPS = 44.80, Debt/Profit = 1.81
If the stock price moves above 570 then expect big rally in the stock. It has consistently performed well over the last few years. It can show a movement of 260 points upside. Final Target would be 830.
T1- 650, T2- 740, T3- 830; SL- 480
Target Duration 4-5 months. (Dec 2020)
Deepak Nitrate forming symmetric triangular patternDeepak Nitrate forming symmetric triangular pattern has a high potential to give upwards breakout, but can move downwards too, that all depends on the price action and God's will.
Long Swing Trade Idea #15: Buy DEEPAKNTR Buy DEEPAKNTR only above 559 with Stop-loss at 510 for first target of 690. Idea is for 14th July 2020 onwards and I will update it if it is triggered or in case it is no longer valid. the reason is that i am expecting a breakout to all time high and a good move once it breaks out.
#DeepakNitrite coming out of 9 weeks of consolidation#DeepakNitrite coming out of 9 weeks of consolidation
Deepak Nitrite - 497 by 7th JulDeepak Nitrite - 497 by 7th Jul. Deepak nitrite looks bearish in the short term. Will take off next week. Looks bullish in 1 month time frame
DEEPAK NITRATE: A good setup after a great runDEEPAK NITRATE: A good setup after a great run. Prepping for another? Focus on the inside bar
DEEPAK NITRITEConsolidation in a rectangle.
try to buy on dips 490-495
Target = 546 - 8.3%
SL = 490 - 2.7%
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
DEEPAK NITRATE: A good contraction after great runDEEPAK NITRATE: A good contraction after a great run. Prepping for another?
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
Above support Above support 500. Short term upside seen up to 625 and then may come down to support level of 500-525
