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Deepaknitritelong

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 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
Deepak Nitrite H&S formation (Bullish)Hello traders, the last position made was Bhartiartl it's going good we are above our entry and sitting of near about 2% profits. Now speaking or deepakntr we can see a inverted head and shoulder pattern in formation, if it completes the pattern and gives a neckline breakout that'll be our entry point. Buy Above - 2365 Targets mentioned in the chart above. RSI is coming to bullish zone MACD is above the signal line Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:DEEPAKNTRLong
by this_is_shoaib