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(DEEPAKNTR) Deepak Nitrite complete technical analysis [charts+indicators] | Buy/Sell Deepak Nitrite | (DEEPAKNTR) share price targets

Complete technical analysis of Deepak Nitrite (DEEPAKNTR) by charts plus indicators, forecast predictions and share price targets for Deepak Nitrite (DEEPAKNTR)

Deepak Nitrite trades in NSE in Commodity Chemicals sector.

Showing technical analysis as on 2024-03-22 View latest technical analysis

10 day averaged volume of Deepak Nitrite is 199051

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	2161.15	2160.00	2183.30	2148.15	1.131 times
21 Thu Mar 2024	2149.85	2110.55	2155.00	2110.05	0.996 times
20 Wed Mar 2024	2100.05	2115.70	2130.00	2059.15	0.833 times
19 Tue Mar 2024	2115.70	2109.45	2139.00	2096.70	1.01 times
18 Mon Mar 2024	2109.25	2106.45	2120.90	2101.00	0.515 times
15 Fri Mar 2024	2098.65	2108.00	2123.55	2080.00	1.176 times
14 Thu Mar 2024	2099.60	2051.00	2109.00	2035.10	0.694 times
13 Wed Mar 2024	2065.20	2125.10	2145.95	2054.20	1.994 times
12 Tue Mar 2024	2129.35	2174.45	2175.00	2121.50	0.921 times
11 Mon Mar 2024	2165.45	2206.05	2215.15	2157.55	0.635 times

My analysis of stock is bearish for shortterm, and stock might move down till 2110.8 or till 2041.6. Use a stoploss of 2168.43 and if the stock hits stoploss, then it can shoot up till 2226.07

Share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Target	1955.05
Downside Target	2035.10
Downside Target	2134.85
Upside Target	2250.00
Upside Target	2275.55
Upside Target	2314.60
Upside Target	2378.00
Upside Target	2502.00
Upside Target	2521.15

Intraday share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Intraday Target	2085.77
Downside Intraday Target	2010.38
Upside Intraday Target	2209.92
Upside Intraday Target	2258.68
Downside Intraday Target	2134.53

Weekly technical analysis of Deepak Nitrite (DEEPAKNTR)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	2161.15	2106.45	2183.30	2059.15	0.828 times
15 Fri Mar 2024	2098.65	2206.05	2215.15	2035.10	1.382 times
07 Thu Mar 2024	2206.05	2218.35	2250.00	2134.85	0.774 times
02 Sat Mar 2024	2218.35	2307.00	2314.60	2169.00	0.446 times
23 Fri Feb 2024	2305.55	2295.25	2378.00	2275.55	1.647 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Deepak Nitrite (DEEPAKNTR)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	2161.15	2206.15	2250.00	2035.10	0.505 times
29 Thu Feb 2024	2212.85	2350.00	2378.00	2163.00	0.994 times
31 Wed Jan 2024	2305.90	2488.00	2521.15	2208.05	0.462 times
29 Fri Dec 2023	2481.20	2209.00	2502.00	2179.40	1.879 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Deepak Nitrite (DEEPAKNTR)

Price action analysis of Deepak Nitrite ( (DEEPAKNTR) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Deepak Nitrite ( (DEEPAKNTR) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Deepak Nitrite ( (DEEPAKNTR) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Deepak Nitrite stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Deepak Nitrite in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Deepak Nitrite Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Deepak Nitrite in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Deepak Nitrite is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2113.81 and Deepak Nitrite (DEEPAKNTR) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Deepak Nitrite (DEEPAKNTR) stock. Volume based technical analysis of Deepak Nitrite (DEEPAKNTR) stock is negative.

Deepak Nitrite Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.