Deepak Nitrite - Box breakoutThe stock has been consolidating close to its ATH. Look for a fresh breakout above 900.
Once it crosses 900 and an entry is made, SL could be at approx 870. (Maybe a 4% SL)
First target 1008 and then 1100.
DEEPAKNTR trade ideas
buy abv 900 buy abv 900 if sustain
but hear formation of dobbule top @895 so if neck line broke i.e.-700 then more downfall
Deepak Nitrite - Getting into Blue Sky ZoneDN - Back to above the last ATH AVWAP. It is now getting into a race towards 1000. Let us see.
Disc: Not a SEBI Registered. I post charts only for my own study.
Cup and HandleStrong breakout happened after Cup and Handle formation in Deepak Nitrite. The stock continues to rise higher. Wait for dips and consolidation before looking to buy. Can be bought near 800 in parts.
Deepak Nitrite--- RUNNING-high potential for SWINGDeepak Nitrite is currently on bull run and expective it to continue for next few days .
Chart is self-explanatory
DEEPAK NITRITE..ROCKET STOCKCHART IS SELF EXPLANATORY...JUST BUY.
TARGET : OPEN
STOP LOSS : 650.
EARLIER PREDICTION :
**These are my personal observations. Please trade at your own risk.**
DEEPAK NITRITEAfter the breakout from the cup and handle pattern a retest has confirmed a good up move .
RSI looks strong for the up move.
deepak nitritedouble bottom 30 min tym frame tl breckout 1st taget -640 2nd target 670 with the stop loss of 590 for positional traget
BREAKOUT IN DEEPAK NITRATEDEEPAK NITRATE HAVE GIVEN BREAKOUT BUT THE RUN UP WILL RETRACE TO SOME EXTENT BEFORE GOING UP.
SO ITS BETTER TO WAIT FOR TAKING POSITION.
...
Its only for educational purpose and please consult your advisor before taking position.
Deepak Nitrite's Temperature increasingJULY 07
All indicators are positive.
huge volume build up.
crossed previous resistance levels.
TARGET 1 550
TARGET 2 580
STOP LOSS : 480
**These are my personal observations. Please trade at your own risk.**
Corona virus - China's loss and Deepak Nitrite's gain The product caters to the chemical, dyes and pigments and pharmaceutical sector.
Fundamental reasons to buy :
1. Last year the Chinese government forced to reduce the manufacturing of complex chemicals. Less competition. The terrific result last quarter.
2. The company gets the raw material and manufacturing locally. So, no issue from the corona virus.
3. Well positioned to fulfill the demand of global customers. Most of manufacturing units of the Chinese government is affected by the corona virus.
The stock doubled in the last 6 months. I have added on each dip.
Note: Avoid adding at the current position.
LOTS OF RESISTANCE TO BREAKOUT OF, YET VERY LIKELYdisclaimer.... not n investing/trading recommendation
