Description:
✅ Deepak Nitrite is currently at a critical accumulation zone, making this a great time for long-term investors!
📊 Key Market Structure:
All-Time High: ₹3,469 (Aug 2024)
Recent Low: ₹1,790 (Down ~45% from ATH)
Current Price: ₹1,983
Monthly Swing Low Taken (2021 Levels)
Consolidation Phase (Oct 2021 – April 2025) indicates a potential big move ahead.
📌 Investment Strategy:
🔹 Best Entry Zones:
₹1,921 – ₹1,907 (Partial Accumulation)
₹1,871 – ₹1,790 (Ideal Long-Term Buying Zone)
Stop Loss: Recent low for risk management.
🎯 Target Projections:
✅ Target 1: ₹2,257
✅ Target 2: ₹2,399
✅ Target 3: ₹2,800
✅ Target 4: ₹4,800+++ 🚀
💡 Why Now?
Multi-year consolidation indicates a strong breakout potential.
Current levels offer a favorable risk-reward ratio for long-term investors.
If price enters our target zones, it presents a rare wealth-building opportunity.
⚠️ Risk Management: Always invest based on your risk appetite and analysis.
📢 Don’t Miss Out!
✅ Follow me for more in-depth stock analysis.
👍 Drop a like & leave a comment with your thoughts!
💬 Let’s discuss in the comments – See you there! 🚀📊
https://www.tradingview.com/x/2uqZNbOe/
✅ Deepak Nitrite is currently at a critical accumulation zone, making this a great time for long-term investors!
📊 Key Market Structure:
All-Time High: ₹3,469 (Aug 2024)
Recent Low: ₹1,790 (Down ~45% from ATH)
Current Price: ₹1,983
Monthly Swing Low Taken (2021 Levels)
Consolidation Phase (Oct 2021 – April 2025) indicates a potential big move ahead.
📌 Investment Strategy:
🔹 Best Entry Zones:
₹1,921 – ₹1,907 (Partial Accumulation)
₹1,871 – ₹1,790 (Ideal Long-Term Buying Zone)
Stop Loss: Recent low for risk management.
🎯 Target Projections:
✅ Target 1: ₹2,257
✅ Target 2: ₹2,399
✅ Target 3: ₹2,800
✅ Target 4: ₹4,800+++ 🚀
💡 Why Now?
Multi-year consolidation indicates a strong breakout potential.
Current levels offer a favorable risk-reward ratio for long-term investors.
If price enters our target zones, it presents a rare wealth-building opportunity.
⚠️ Risk Management: Always invest based on your risk appetite and analysis.
📢 Don’t Miss Out!
✅ Follow me for more in-depth stock analysis.
👍 Drop a like & leave a comment with your thoughts!
💬 Let’s discuss in the comments – See you there! 🚀📊
https://www.tradingview.com/x/2uqZNbOe/
Trade active
🚀 Deepak Nitrite – Trade Activation Update 🟢📊 Previous Analysis Recap:
We identified the ideal long-term buying zone for investors between:
📍 ₹1,871 – ₹1,790
✅ Today, the stock made a low of ₹1,782, which means our entry zone is now officially activated.
✅ This level also aligns with major support and discount zones, increasing the potential for a long-term upside move.
📈 Updated Trade Status & Strategy
🔹 Entry Zone Activated: ₹1,871 – ₹1,790
📉 Today’s Low: ₹1,782
✅ The price has entered our pre-identified accumulation zone
🔍 Strong probability of reversal from this zone based on SMC and technical structure
🎯 Profit Targets (As per previous idea)
1️⃣ ₹2,257 – First Target
2️⃣ ₹2,399 – Mid-Term Target
3️⃣ ₹2,800 – Medium to Long-Term
4️⃣ ₹4,800+ – Extended Long-Term Potential
🔐 Stop-Loss Strategy
📉 Place SL below the recent low of ₹1,782, preferably around ₹1,755 – ₹1,745, depending on your risk appetite.
✅ Risk-Reward Ratio remains favorable from current levels.
🧠 Investor Note:
This zone was highlighted as a strong discount range (~45% down from ATH of ₹3,469)
Price has been consolidating from Oct 2021 to April 2025 — suggesting a possible accumulation phase before a major move
📢 Final Thoughts:
Deepak Nitrite has officially entered the smart investor’s zone. If you’ve been waiting — this is the time to watch closely or start building positions gradually.
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👍 Like this idea if you found it useful
💬 Drop your thoughts below — let’s chat in the comment section!
📊 Happy Investing & Trading! 🚀
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.