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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 2024-04-22 View latest technical analysis

10 day averaged volume of Deepak Nitrite is 471173

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	2301.85	2279.95	2324.75	2270.05	0.519 times
19 Fri Apr 2024	2271.85	2291.00	2297.00	2245.60	0.429 times
18 Thu Apr 2024	2305.25	2322.65	2365.00	2293.70	0.978 times
16 Tue Apr 2024	2321.90	2287.95	2354.85	2270.25	0.861 times
15 Mon Apr 2024	2298.90	2289.95	2319.35	2247.55	0.921 times
12 Fri Apr 2024	2316.70	2298.00	2346.50	2294.55	1.763 times
10 Wed Apr 2024	2297.10	2195.00	2307.00	2190.45	1.706 times
09 Tue Apr 2024	2192.00	2212.95	2234.50	2185.05	0.493 times
08 Mon Apr 2024	2206.80	2225.00	2257.95	2197.05	0.774 times
05 Fri Apr 2024	2219.90	2216.95	2222.75	2187.20	0.668 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2285.8, but if it comes below 2285.8, then a intra day sell could be more profitable.
If you take a sell trade below 2285.8, then use 2285.8 as stoploss and 2215.39 as target. However if you take a buy trade in stock , then use 2285.8 as stoploss and 2370.2 as target.

Share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Target	2035.10
Downside Target	2117.00
Downside Target	2163.00
Downside Target	2270.05
Upside Target	2324.75
Upside Target	2346.50
Upside Target	2365.00
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	2273.02
Downside Intraday Target	2244.18
Upside Intraday Target	2327.72
Upside Intraday Target	2353.58
Downside Intraday Target	2298.88

Weekly technical analysis of Deepak Nitrite (DEEPAKNTR)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	2301.85	2279.95	2324.75	2270.05	0.163 times
19 Fri Apr 2024	2271.85	2289.95	2365.00	2245.60	0.673 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

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 Mon Apr 2024	2301.85	2131.95	2365.00	2120.00	1.677 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, and volume has increased substantially. This means that the move can 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 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 2284.35 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.