Deepak Nitrite may go further down till 1064 SL 2406As per Harmonic PRZ pattern, Deepak Nitrite may go further down till 1064 SL 2406 till October to November 2023
DEEPAKNTR trade ideas
Breakdown CandidateExpecting a sharp downside.
Narrow range breakdown.
Size of bars increasing along with increasing volumes : start of expansion phase
Stock has started downward expansion.
Clear double top visible on weekly.
Deepak Nitrate Cmp 1880 dated 31-1-2023 Deepak Nitrate Cmp 1880 dated 31-1-2023
1. Reversal from support.
2. RSI BO
Buy above 1890 for target 1935-1965-2000
SL 1835
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
DEEPAK NITRATE Reversal Seen on Demand ZoneDeepak Nitrate which has come down from 2100 levels reversing exactly at demand zone.
Deepak nitriteDeepak nitrite 5-0 pattern forming which is travel on C ZONE WHERE POINT BC IC IS COMPLITED BY FIB .
MAY BE BOOK PROFIT WILL COME IN NEXT WEEK
WAITING FOR D POINT WHICH IS REVERSAL ZONE THAN GO LONG FROM POINT D
Deepak NitriteShark as well as Cypher
Short term Double Top formation @2400
Go short oppertunity at level of 2400 at C LEG
STOPLOSS SHOULD MAINTAIN SLIGHTLY ABOVE OF A LEG
And OPPORTUNITIES OF LONG
WEHERE PATTERN WILL COMPLE LONG ENTRY AT LEVEL OF D POINT.
SO WE SHOULD WAIT 👍🎉
HAPPY TRADING
Deepak Nitrite Deepak Nitrite can be bought keeping the trendline as sl. Looking good for 10% upside move with immediate resistance being 2400 zone.
Deepak Nitrite- 3000 can happenDeepak Nitrite providing great R:R. Can move towards 3000 once broken out.
inverted head and shoulder patterninverted head and shoulder pattern formation in
deepak nitrate.
stay long up to February 2023
Deepakntrmajor trendline breakdown , could expect more down fall below 2133. make shorts with sl placed at 2140
Stock fell on result. Support expected at zone markedStock fell on result. We can expect stability at support zone market with green trend lines. Strong support at 1900-2000 barrier band.
BREAKOUT WITH VOLUMES (DEEPAK NITRATE)Deepak nitrate is looking good on daily chart by breaking downtrend resistance line and gives a close above on that with good volume jump in it so we can expect a good retracement in this counter from current price.
CAUSE OF LONG-:
1- Downtrend resistance line breakout.
2- Breakout happened with good volumes.
Deepak Nitrate - Bullish patternDear Chartist, trader and investor,
Deepak Nitrate is moving upward and follow the Dow Theory Tenant - Higher High and Higher low and today break the previous high and entered into suppliers zone.
Waiting for through back and then entered into a long position.
All the details are mentioned in charts.
Deepak Nitrite is Ready for break outSee the enclosed chart. DN has bounced from major support and is ready to break upside. If target 2400 and next 2650. SL 2150.
Deepak Nitrite is good for 3000 TargetDeepak Nitrite looks good for Mid term target of 3000. Company has good future prospects along with higher sales.
One can also bet for the company for Long term investment.
Ready for Next move
Good Day ,
Hello Traders,
Deepak Nitrate is giving a trendline on a Daily basis. Strength is coming from the bottom.
Good candidate for the Portfolio, near term targets are 2377 / 2679
Chart Self explanatory.
Time Frame : Daily.
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
Deepak Nitrate: Bullish even in longer termExcellent and encouraging chart formation in Daily timeframe.
Look at it:
The chart is now breaking out (and in retesting mode) of the long term falling trendline (red color)
The solid long term supports one can see first 2156, then 2050 level.
Higher side: 2400, 2700.
Keep SL of 2150. CMP: 2260
My view on DeepakntrDeepakntr being ready for breakout above 2270-75
It also forming inverse Head&Shoulder pattern.Soon it may hit 2340-2400++.
We are Keeping on radar Deepakntr 2300 CE.
DEEPAK NITRITE Long ( DEEPAKNTR )Stock has broken out of the falling wedge and given a re-test , looks ripe for a move up
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
Deepak Nitrite Long PositionHello Traders/Investors
Recently Deepak Nitrite shows a breakout of trend-line and it is re tested as well. RSI and other indicators are supporting this breakout as well.
There is a possibility of 25-30% Rally in this stock in coming months.
Targets can be seen in Chart
Note: Trade at your own risk. this is just for Educational Purpose
DEEPAK NITRATE SWING TRadeDown Channel Breakout supported with volume chance of failure are grim stock might consolidate in sad case scenario
DeepakntrLooks good for short term.
Target 1 -2400
Above that might show bull strength and may go 2700-2800
