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Deepaknitrite

SWING IDEA - DEEPAK NITRITE LTDDeepak Nitrite , a leading chemical company known for its diverse product portfolio, is showing a promising setup for swing trading. Reasons are listed below : 2500 Support Zone : The price is resting on a well-tested support level around 2500, adding to the reliability of a potential bounce. Hammer Candle on Weekly Timeframe : The appearance of a hammer candle suggests a reversal could be on the horizon as buyers regain control. Golden Fibonacci Support : The current price aligns with a key Fibonacci retracement level, providing additional support. 50 EMA Support on Weekly Timeframe : The price holding above the 50 EMA is a sign of continued strength and underlying support. Trend Intact with Higher Highs and Higher Lows : The consistent formation of higher highs and higher lows reinforces a bullish trend. Target - 3000 // 3170 Stoploss - weekly close below 2440 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:DEEPAKNTRLong
by Visionary_Growth_Insights
Deepak Nitrite Buy Price ActionAs per my analysis NSE:DEEPAKNTR has been done a proper correction and sustained above major support of 2622. It could be better risk taken area for buy. A small retracement is pending up to 2570 and this is the best buy level with stop loss of 2453. My expected upside target will be 2726 and 2811. Note: This is my personal analysis to learn stock market behavior. Kindly do your own analysis or consult your financial advisor to take any risk. Thanks & Regards.
NSE:DEEPAKNTRLong
by thetradeterminal
Deepak Nitrite Stock Chart Ascending Channel: The stock has been trading within an upward-sloping channel since late 2023, making higher highs and higher lows, which indicates a strong long-term uptrend. The price recently tested the lower boundary of the channel and has shown signs of a rebound. Triangle Breakout: A bullish breakout has occurred from a symmetrical triangle pattern, suggesting renewed upward momentum. The stock has surged by over 20.26% from the breakout point, confirming the pattern. The breakout targets are around ₹3,562 based on the height of the triangle projected from the breakout. MACD: The MACD indicator shows a bullish crossover, with the MACD line crossing above the signal line, which is a strong confirmation of positive momentum. Key Support Levels: ₹2,800: This level aligns with the lower boundary of the channel and has acted as strong support. ₹2,600: A previous low that provides additional support in case of any pullback. Resistance Levels: ₹3,095: A key resistance level to watch, previously tested and failed. ₹3,562: The price target projected from the breakout. Volume: Volume has been rising since the breakout, further validating the upward move and adding confidence to the bullish outlook. Conclusion: With the recent breakout and strong upward momentum, Deepak Nitrite shows a bullish trend. Investors should watch for a retest of support levels near ₹2,800, while upside targets point to ₹3,562. The long-term trend remains positive as long as the stock holds within the ascending channel.
NSE:DEEPAKNTRLong
by AngshumanSaikia
Deepak Nitrite: 18 months of sadness 😞This Analysis was requested by @anerishah269 The chart should tell you everything you need to know about NSE:DEEPAKNTR : However, Below are some 'good to know' pointers: - The Price action is completely sideways in nature with clearly marked support and resistance zones - The price has been consolidating for over 18 months now - Owing to the sideways nature, the breakout of the trendline did not have a huge impact on the price momentum. The price immediately took a rejection from the resistance zone and gunned for a retest. - Bearish crossover of MACD on a weekly TF is a negative - The PE ratio has worsened - The Psy. levels of 2000 and 2500 are at play - We can expect some good momentum once either of the zones is broken. Until then, it's hold the fight and sit tight situation for us. What should we analyze next? Have Requests, Questions, or Suggestions? DM us or comment below.👇 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:DEEPAKNTR
by TheChartereds
5
Deepak Nitrite Breakout of wedgeThe idea here is about Deepak Nitrite: Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals. The company`s product range includes a spectrum of chemicals which caters to a wide range of industries including Colorants, Agrochemicals, Pharmaceuticals, Rubber, Specialty & Fine chemicals. 1. Broken out of Falling Wedge on a weekly chart at the time of publishing. 2. Retesting of support line & breakout point completed on a daily chart as per below image. However, would recommend for a weekly retest of the breakout point. 3. Support established on 20 EMA & 200 EMA on a daily chart as per above image. 4. Trading above 20 & 200 EMA on Weekly chart. 5. Bearish Sea Pony (Advanced Harmonic pattern) formation on a weekly chart. 6. Sea Pony Pattern: Explained in the below image. 7. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily & monthly chart is Strong for an upward momentum. However, weekly chart is on a strong downward momentum at the time of publishing. 8. RSI is at 50.78 on a weekly Chart at the time of publishing. 9. MACD Way above signal line on weekly chart. 10. Hull Moving average on a daily & weekly is sell & on a monthly chart is a buy other moving averages are strong buy on Daily, Weekly & monthly chart. 11. Wait for retest completion for long entry. However, keep in watch list for the week & alert for price momentum. Projected targets as per Sea Pony Pattern provided in the chart. Stop Loss: Enter long only if retest & upward momentum continuation. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas !! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:DEEPAKNTRLong
by Tron029
DEEPAKNTR - TRENDLINE AND ROUNIDNG BOTTOM BREAKOUT📊 Script: DEEPAKNTR (DEEPAK NITRITE LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 📊 Sector: Chemicals 📊 Industry: Chemicals & Petrochemicals Key highlights: 💡⚡ 📈 Script is trading towards upper band of BB. 📈 Already crossover in MACD. 📈 Already Crossover in Double Moving Averages. 📈 It is giving TRENDLINE AND ROUNIDNG BOTTOM BREAKOUT 📈 Right now RSI is around 73. ⏱️ C.M.P 📑💰- 2095 🟢 Target 🎯🏆 - 2304 ⚠️ Stoploss ☠️🚫 - 1999 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Happy learning with trading. Cheers!🥂
NSE:DEEPAKNTRLong
by radha_23
6
Deepak Nitrate Go Long above the given levelDeepak Nitrate Go Long above the given levelDeepak Nitrate Go Long above the given levelDeepak Nitrate Go Long above the given levelDeepak Nitrate Go Long above the given levelDeepak Nitrate Go Long above the given levelDeepak Nitrate Go Long above the given levelDeepak Nitrate Go Long above the given levelDeepak Nitrate Go Long above the given levelDeepak Nitrate Go Long above the given levelDeepak Nitrate Go Long above the given levelDeepak Nitrate Go Long above the given levelDeepak Nitrate Go Long above the given level
NSE:DEEPAKNTRLong
by Hardikjethwa