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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 2024-03-28 View latest technical analysis

10 day averaged volume of Deepak Nitrite is 207327

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	2125.50	2156.55	2168.95	2117.00	1.035 times
27 Wed Mar 2024	2156.55	2148.90	2180.75	2130.00	1.317 times
26 Tue Mar 2024	2139.05	2154.20	2171.70	2134.55	0.666 times
22 Fri Mar 2024	2161.15	2160.00	2183.30	2148.15	1.086 times
21 Thu Mar 2024	2149.85	2110.55	2155.00	2110.05	0.956 times
20 Wed Mar 2024	2100.05	2115.70	2130.00	2059.15	0.8 times
19 Tue Mar 2024	2115.70	2109.45	2139.00	2096.70	0.97 times
18 Mon Mar 2024	2109.25	2106.45	2120.90	2101.00	0.494 times
15 Fri Mar 2024	2098.65	2108.00	2123.55	2080.00	1.129 times
14 Thu Mar 2024	2099.60	2051.00	2109.00	2035.10	0.667 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2107 as stoploss in an intra day buy trade for a target of 2152.62. However, stock will show a bearish move below 2107.

Share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Target	1955.05
Downside Target	2035.10
Downside Target	2117.00
Upside Target	2215.15
Upside Target	2239.80
Upside Target	2250.00
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	2101.42
Downside Intraday Target	2077.33
Upside Intraday Target	2165.17
Upside Intraday Target	2204.83
Upside Intraday Target	2141.08

Weekly technical analysis of Deepak Nitrite (DEEPAKNTR)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	2125.50	2154.20	2180.75	2117.00	0.701 times
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

Price has moved down 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
28 Thu Mar 2024	2125.50	2206.15	2250.00	2035.10	0.612 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Deepak Nitrite ( (DEEPAKNTR) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Deepak Nitrite in short term but SELL signal is weak.

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

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2128.4 and Deepak Nitrite (DEEPAKNTR) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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.