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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 2024-06-18 View latest technical analysis

10 day averaged volume of Deepak Nitrite is 341842

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	2422.35	2419.00	2433.90	2390.00	0.898 times
14 Fri Jun 2024	2413.70	2419.00	2441.40	2388.00	1.317 times
13 Thu Jun 2024	2411.05	2370.00	2421.00	2352.55	1.471 times
12 Wed Jun 2024	2351.80	2316.00	2358.60	2308.60	1.105 times
11 Tue Jun 2024	2316.00	2310.40	2337.00	2300.20	0.996 times
10 Mon Jun 2024	2302.40	2285.00	2331.40	2274.40	0.651 times
07 Fri Jun 2024	2282.05	2278.45	2295.00	2266.05	0.335 times
06 Thu Jun 2024	2278.45	2248.00	2286.95	2225.00	0.74 times
05 Wed Jun 2024	2228.15	2169.00	2239.95	2150.55	0.555 times
04 Tue Jun 2024	2142.65	2244.00	2245.00	2021.00	2.038 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2412.3, but if it comes below 2412.3, then a intra day sell could be more profitable.
If you take a sell trade below 2412.3, then use 2412.3 as stoploss and 2318.05 as target. However if you take a buy trade in stock , then use 2412.3 as stoploss and 2525.5 as target.

Share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Target	2021.00
Downside Target	2120.00
Downside Target	2163.00
Downside Target	2250.00
Downside Target	2375.70
Downside Target	2390.00
Upside Target	2433.90
Upside Target	2441.40
Upside Target	2535.00
Upside Target	2567.70
Upside Target	2619.80

Intraday share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Intraday Target	2396.93
Downside Intraday Target	2371.52
Upside Intraday Target	2440.83
Upside Intraday Target	2459.32
Downside Intraday Target	2415.42

Weekly technical analysis of Deepak Nitrite (DEEPAKNTR)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	2422.35	2419.00	2433.90	2390.00	0.162 times
14 Fri Jun 2024	2413.70	2285.00	2441.40	2274.40	1.242 times
07 Fri Jun 2024	2282.05	2280.00	2295.00	2021.00	0.514 times
31 Fri May 2024	2191.30	2365.35	2375.70	2165.00	1.501 times
24 Fri May 2024	2365.20	2530.00	2567.70	2320.45	2.303 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
18 Tue Jun 2024	2422.35	2280.00	2441.40	2021.00	0.388 times
31 Fri May 2024	2191.30	2430.55	2619.80	2165.00	1.038 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

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 Weak and stock is losing 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 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 2311.39 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 negative.

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