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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 2024-08-16 View latest technical analysis

10 day averaged volume of Deepak Nitrite is 541663

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	2900.80	2859.95	2907.00	2845.00	0.444 times
14 Wed Aug 2024	2846.65	2870.00	2898.95	2818.15	0.62 times
13 Tue Aug 2024	2847.80	3015.60	3015.60	2840.00	1.26 times
12 Mon Aug 2024	3015.65	3050.10	3088.45	3000.50	0.746 times
09 Fri Aug 2024	3076.35	3080.00	3146.30	3057.10	0.562 times
08 Thu Aug 2024	3055.30	3133.50	3133.50	3040.05	0.465 times
07 Wed Aug 2024	3102.60	3048.00	3116.70	2995.65	0.867 times
06 Tue Aug 2024	3022.75	2966.10	3079.70	2931.00	3.002 times
05 Mon Aug 2024	2953.45	3050.00	3109.80	2940.00	1.043 times
02 Fri Aug 2024	3095.95	3060.00	3129.00	3040.10	0.562 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2869.7 as stoploss in an intra day buy trade for a target of 2971.11. However, stock will show a bearish move below 2869.7.

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	2818.15
Upside Target	2919.00
Upside Target	2982.00
Upside Target	3088.45
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	2783.15
Downside Intraday Target	2665.5
Upside Intraday Target	3053.45
Upside Intraday Target	3206.1
Upside Intraday Target	2935.8

Weekly technical analysis of Deepak Nitrite (DEEPAKNTR)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	2900.80	3050.10	3088.45	2818.15	0.517 times
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

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
16 Fri Aug 2024	2900.80	3083.05	3169.00	2818.15	0.474 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Deepak Nitrite ( (DEEPAKNTR) ) based on a short to mid 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 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 Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

CCI has generated a buy signal for Deepak Nitrite in short term but BUY 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 2990.82 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.