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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 2024-08-09 View latest technical analysis

10 day averaged volume of Deepak Nitrite is 518522

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	3076.35	3080.00	3146.30	3057.10	0.587 times
08 Thu Aug 2024	3055.30	3133.50	3133.50	3040.05	0.486 times
07 Wed Aug 2024	3102.60	3048.00	3116.70	2995.65	0.905 times
06 Tue Aug 2024	3022.75	2966.10	3079.70	2931.00	3.136 times
05 Mon Aug 2024	2953.45	3050.00	3109.80	2940.00	1.09 times
02 Fri Aug 2024	3095.95	3060.00	3129.00	3040.10	0.588 times
01 Thu Aug 2024	3088.90	3083.05	3169.00	3066.05	0.911 times
31 Wed Jul 2024	3092.30	3078.00	3116.00	3051.00	0.435 times
30 Tue Jul 2024	3077.65	3014.00	3122.05	2988.20	1.013 times
29 Mon Jul 2024	2997.40	2919.05	3018.00	2919.00	0.992 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 3068.5, but if it comes below 3068.5, then a intra day sell could be more profitable.
If you take a sell trade below 3068.5, then use 3068.5 as stoploss and 2950.83 as target. However if you take a buy trade in stock , then use 3068.5 as stoploss and 3209.7 as target.

Share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Target	2021.00
Downside Target	2120.00
Downside Target	2165.00
Downside Target	2510.00
Downside Target	2619.80
Downside Target	2721.00
Downside Target	2919.00
Downside Target	2931.00
Downside Target	2982.00
Upside Target	3122.05
Upside Target	3146.30
Upside Target	3169.00

Intraday share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Intraday Target	2956.13
Downside Intraday Target	2835.92
Upside Intraday Target	3171.43
Upside Intraday Target	3266.52
Downside Intraday Target	3051.22

Weekly technical analysis of Deepak Nitrite (DEEPAKNTR)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	3076.35	3050.00	3146.30	2931.00	1.575 times
02 Fri Aug 2024	3095.95	2919.05	3169.00	2919.00	1.033 times
26 Fri Jul 2024	2919.90	2760.00	2982.00	2721.00	1.153 times
19 Fri Jul 2024	2792.75	2768.60	2851.35	2752.05	0.558 times
12 Fri Jul 2024	2774.60	2700.00	2803.75	2631.10	0.789 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
09 Fri Aug 2024	3076.35	3083.05	3169.00	2931.00	0.335 times
31 Wed Jul 2024	3092.30	2520.00	3122.05	2510.00	1.462 times
28 Fri Jun 2024	2501.95	2280.00	2646.00	2021.00	0.849 times
31 Fri May 2024	2191.30	2430.55	2619.80	2165.00	1.038 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Deepak Nitrite ( (DEEPAKNTR) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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. Bulls are getting stronger in this stock.

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 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 3043.26 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.