Deepak Nitrite - Long-term supportPrice action: Trading ~45% below all-time high โ indicates long-term weakness, but also potential value zone if support holds.
Support levels:
Same zone was tested in July 2022, Feb 2023, and again in Feb 2025.
Multiple tests of the same support increase its significanceโbut repeated retests without strong bounces can weaken it.
RSI (Monthly): Around 40 โ in the โwatch zone.โ This shows potential for reversal if buyers step in.
200 MA: Trading below the 200-day moving average โ structurally
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 k
Deepak Nitrite Ltd's (DEEPAKN) technical analysisDeepak Nitrite Ltd's (DEEPAKN) technical analysis shows daily price movements. Here's a summary of the key insights:
Price Action and Trend:
The stock price is consolidating within a triangular pattern, suggesting a possible breakout or breakdown in the future.
A strong support level is evident near โน2,454.60.
Resistance is marked at multiple levels, with a highlighted "Strong Resistance Zone" around โน3,023 to โน3,150.
Fibonacci Levels:
Fibonacci retracement levels are drawn from a previous si
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.
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 break
Deepak Nitrate Next Week Down side Target 2720Deepak Nitrate may see a decline of 2 to 3 per cent next week, with the stock seeing a big drop in the last two sessions. This decline can also be seen in the next week. The stock looks weak on the daily chart. Lamp nitrate can see targets up to 2720 on the downside.
Deepak Nitrite: 18 months of sadness ๐This 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 resista
DEEPAKNTRNSE:DEEPAKNTR
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Deepak Nitrite Ltd.*Deepak Nitrite Ltd.
P&F Formation on Yearly Basis.
Strong Vol Consolidation. Continued BuiltUp to be Watched.
Price BreakOut above 2271 Needed
Sustained, Then Good to Go!!
Resistance @ 2371 / 2399.
RSI: 1H =D > W=M
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Do Your Own Research as well. This is an Opinion.
Happy Investing ๐
DEEPAKNTRNSE:DEEPAKNTR
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
DEEPAKNTR1!05-12
DAILY CHART OF DEEPAKNTR1!
LTP: 2232.75
the trend (manual and 200 ema) is bullish.
the candles have respected the resisting trendline (manual)
supports are at 2134.25 (manual) and 2094.65 (200 ema)
RSI is bullish and strong as well.
i just bought deepakntr1! for trading (intraday or BTST)
DLong
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.
DEEPAKNTR - TRENDLINE AND ROUNIDNG BOTTOM BREAKOUT๐ Script: DEEPAKNTR (DEEPAK NITRITE LIMITED)
๐ Nifty50 Stock: NO
๐ Sectoral Index: NIFTY 500
๐ Sector: Chemicals
๐ Industry: Chemicals & Petrochemicals
Key highlights: ๐กโก
๐ Script is trading towards upper band of BB.
๐ Already crossover in MACD.
๐ Already Crossover in Double Moving Averages.
๐ It is giving TRENDLINE AND ROUNIDNG BOTTOM BREAKOUT
๐ Right now RSI is around 73.
โฑ๏ธ C.M.P ๐๐ฐ- 2095
๐ข Target ๐ฏ๐ - 2304
โ ๏ธ Stoploss โ ๏ธ๐ซ - 1999
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
Deepak Nitrate Long/Swing SetupDeepak Nitrate seems bouncing from demand zone, broke resistance trend line and closed above receng swing high.
Can show good momentum up side, good for swing trading and investment too.
Can long above 1870 for targets of 1900, 1950, 2000, 2050 and may be 2100+ too.
Education purpose only, not a sebi registered advisor.
-Saptarish Trading
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 G























