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DEEPAK NITRITE LTDDEEPAK NITRITE LTDDEEPAK NITRITE LTD

DEEPAK NITRITE LTD

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DEEPAKNTR trade ideas

Deepak Nitrite – Candlestick AnalysisThe chart depicts the beautiful set up for investment / trade opportunity. Recently stock has given a breakout and retested that level with Doji , follows up with Morning Star and Three White Soldier . The volume builds up through the week and golden crossover at morning star candle clearly indicating a strength in stock. Weekly Chart From April’23, the stock in uptrend and given a descending triangle breakout with bullish effulging candle . Trade/Investment Set Up Entry above Rs 2180 ; Short term target – Rs 2320; 3months target – 24 % ; Stop Loss – below support trendline in weekly chart Thanks -AJ Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
NSE:DEEPAKNTRLong
by Indieconomic
Buy Deepak Nitrite for the target of 2900 | almost 35% from hereAbout Company:- Incorporated in 1970, Deepak Nitrite Ltd manufactures Basic Intermediates, Fine & Speciality Chemicals, Performance Products, and Phenolics. Market Cap ₹ 28,453 Cr. Current Price ₹ 2,086 High / Low ₹ 2,357 / 1,681 Stock P/E 33.4 Book Value ₹ 300 Dividend Yield 0.34 % ROCE 30.0 % ROE 22.9 % Face Value ₹ 2.00 Debt ₹ 72.9 Cr. EPS ₹ 62.5 PEG Ratio 0.56 Promoter holding 49.1 % Intrinsic Value ₹ 2,611 Pledged percentage 0.00 % EVEBITDA 21.3 PROS Company has reduced debt. Company is almost debt free. Company has a good return on equity (ROE) track record: 3 Years ROE 31.6% Promoter holding has increased by 3.41% over last quarter. Behatreen company hai with good management. Stock price also has given breakout of downsloping trendline and price is above 200 EMA. Volume has increased, MACD already given bullish crossover. All these indicating a bullish reversal in this ticker. For the trading perspective there will be target of 2900+ but if anyone wants to hold for long term can go with these levels and hold for the target of 5000+. If anyone likes my work please like, follow and comment. Thankyou.
NSE:DEEPAKNTRLong
by TraderRahulPal
2
Deepak Nitrite showing continuous sign of uptrend.I have added all my observations in the chart. H - High L - Low HH - Higher high HL - Higher lows briefing all the points, Technically Stock is not in overbought zone. No signs of divergence with respect to prices with RSI graph 50EMA line just crossing 100EMA line Stock making higher highs and higher lows no bearish candlestick patter visible on daily chart Stock seems to be in uptrend Stock above 200DMA Fundamentally 1. Stock showed increased operating profit from last 3 quaters. 2. No cons visible on screener site. 3. Increased Investments from DIIs for last 2 quaters Summary Stock seems like is in uptrend, with no negative indicator in sight.
DLong
by mohit_bhayana