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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 2024-04-16 View latest technical analysis

10 day averaged volume of Deepak Nitrite is 468853

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	2321.90	2287.95	2354.85	2270.25	0.865 times
15 Mon Apr 2024	2298.90	2289.95	2319.35	2247.55	0.926 times
12 Fri Apr 2024	2316.70	2298.00	2346.50	2294.55	1.771 times
10 Wed Apr 2024	2297.10	2195.00	2307.00	2190.45	1.714 times
09 Tue Apr 2024	2192.00	2212.95	2234.50	2185.05	0.496 times
08 Mon Apr 2024	2206.80	2225.00	2257.95	2197.05	0.778 times
05 Fri Apr 2024	2219.90	2216.95	2222.75	2187.20	0.672 times
04 Thu Apr 2024	2214.45	2189.95	2230.75	2163.65	1.413 times
03 Wed Apr 2024	2183.60	2200.00	2207.70	2178.00	0.88 times
02 Tue Apr 2024	2202.95	2157.95	2214.05	2140.50	0.766 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 2343, for a target of 2258.2 or 2187.62

Share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Target	2035.10
Downside Target	2117.00
Downside Target	2163.00
Downside Target	2247.55
Downside Target	2250.00
Upside Target	2346.50
Upside Target	2354.85
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	2261.35
Downside Intraday Target	2200.8
Upside Intraday Target	2368.65
Upside Intraday Target	2415.4
Downside Intraday Target	2308.1

Weekly technical analysis of Deepak Nitrite (DEEPAKNTR)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	2321.90	2289.95	2354.85	2247.55	0.376 times
12 Fri Apr 2024	2316.70	2225.00	2346.50	2185.05	1.103 times
05 Fri Apr 2024	2219.90	2131.95	2230.75	2120.00	3.232 times
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

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
16 Tue Apr 2024	2321.90	2131.95	2354.85	2120.00	1.424 times
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

Scroll below to view daily charts

Price has moved up 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 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 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 mid to longer 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.

ADX buy sell signal for Deepak Nitrite stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

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 green color and prices are above the green 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 BUY signal in short term but buying is losing 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 2257.69 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 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 positive

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