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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 2024-06-24 View latest technical analysis

10 day averaged volume of Deepak Nitrite is 535815

Date	Daily Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	2509.00	2544.00	2544.00	2485.00	0.4 times
21 Fri Jun 2024	2545.95	2614.95	2646.00	2531.40	0.886 times
20 Thu Jun 2024	2605.25	2489.90	2640.00	2469.00	3.079 times
19 Wed Jun 2024	2485.90	2430.95	2527.00	2407.35	1.714 times
18 Tue Jun 2024	2422.35	2419.00	2433.90	2390.00	0.573 times
14 Fri Jun 2024	2413.70	2419.00	2441.40	2388.00	0.84 times
13 Thu Jun 2024	2411.05	2370.00	2421.00	2352.55	0.939 times
12 Wed Jun 2024	2351.80	2316.00	2358.60	2308.60	0.705 times
11 Tue Jun 2024	2316.00	2310.40	2337.00	2300.20	0.636 times
10 Mon Jun 2024	2302.40	2285.00	2331.40	2274.40	0.415 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2464.4, but if it comes below 2464.4, then a intra day sell could be more profitable.
If you take a sell trade below 2464.4, then use 2464.4 as stoploss and 2341.34 as target. However if you take a buy trade in stock , then use 2464.4 as stoploss and 2612.1 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	2441.40
Downside Target	2485.00
Upside Target	2535.00
Upside Target	2544.00
Upside Target	2619.80
Upside Target	2646.00

Intraday share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Intraday Target	2481.33
Downside Intraday Target	2453.67
Upside Intraday Target	2540.33
Upside Intraday Target	2571.67
Upside Intraday Target	2512.67

Weekly technical analysis of Deepak Nitrite (DEEPAKNTR)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	2509.00	2544.00	2544.00	2485.00	0.064 times
21 Fri Jun 2024	2545.95	2419.00	2646.00	2390.00	1.769 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

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
24 Mon Jun 2024	2509.00	2280.00	2646.00	2021.00	0.727 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 Strong 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 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 but selling 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 2484.32 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.