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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 2024-05-23 View latest technical analysis

10 day averaged volume of Deepak Nitrite is 206246

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	2334.90	2459.05	2459.05	2327.40	4.101 times
22 Wed May 2024	2463.50	2540.00	2555.00	2453.45	1.204 times
21 Tue May 2024	2516.70	2530.00	2567.70	2484.60	2.227 times
18 Sat May 2024	2527.15	2495.00	2545.00	2475.00	0.497 times
17 Fri May 2024	2474.65	2457.50	2483.15	2454.05	0.879 times
16 Thu May 2024	2448.45	2440.20	2455.00	2422.00	0.798 times
15 Wed May 2024	2424.25	2469.15	2485.00	2417.00	0.578 times
14 Tue May 2024	2469.15	2495.00	2495.00	2450.00	0.591 times
13 Mon May 2024	2482.70	2502.85	2512.00	2438.00	0.82 times
10 Fri May 2024	2494.55	2433.00	2503.70	2410.70	1.379 times

Stock of Deepak Nitrite (DEEPAKNTR) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2363.3, for a target of 2420.3 or 2467.8

Share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Target	2035.10
Downside Target	2120.00
Downside Target	2163.00
Downside Target	2208.05
Downside Target	2327.40
Upside Target	2378.00
Upside Target	2510.00
Upside Target	2535.00
Upside Target	2545.00
Upside Target	2567.70
Upside Target	2619.80

Intraday share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Intraday Target	2252.3
Downside Intraday Target	2169.7
Upside Intraday Target	2492.6
Upside Intraday Target	2650.3
Upside Intraday Target	2410

Weekly technical analysis of Deepak Nitrite (DEEPAKNTR)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	2334.90	2530.00	2567.70	2327.40	1.809 times
18 Sat May 2024	2527.15	2502.85	2545.00	2417.00	0.268 times
10 Fri May 2024	2494.55	2513.00	2619.80	2410.70	2.651 times
03 Fri May 2024	2448.65	2508.95	2510.00	2413.80	0.419 times
26 Fri Apr 2024	2477.05	2279.95	2535.00	2270.05	1.917 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Deepak Nitrite (DEEPAKNTR)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Thu May 2024	2334.90	2430.55	2619.80	2327.40	0.671 times
30 Tue Apr 2024	2430.55	2131.95	2535.00	2120.00	2.586 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

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 to mid 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 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 SELL. Signal strength is Weak and stock is losing momentum.

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

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. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Deepak Nitrite in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 2437.47 and Deepak Nitrite (DEEPAKNTR) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

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