imayush827

Deepak Nitrate

Long
imayush827 Updated   
NSE:DEEPAKNTR   DEEPAK NITRITE
Volume looks quite impressive any move above the trendline can give a good move.
Please note: If volume goes above Moving Average then the convection for this trade will go higher.
Comment:
It is on the verge of a breakout.
Comment:
Gave a breakout, retesting its trend line, if it manages to sustain its current level, then we may see a good move.
Comment:
2060 is strong resistance, as you can see this is the reason I marked this level on the chart.
Comment:
I bought 25% of the quantity on 5th Aug, (Stoploss:1958) I will add more quantity only above 2060.
Comment:
I have exited Deepak Nitrate, taking a small loss, rejections can be seen at the present levels, and will re-enter above 2060 if technical seems good.

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.