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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 2024-10-28 View latest technical analysis

10 day averaged volume of Deepak Nitrite is 363107

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	2692.20	2660.00	2720.00	2647.85	0.348 times
25 Fri Oct 2024	2671.40	2720.05	2726.15	2651.00	0.503 times
24 Thu Oct 2024	2717.10	2735.75	2757.90	2705.00	0.497 times
23 Wed Oct 2024	2735.20	2650.05	2784.45	2640.00	0.942 times
22 Tue Oct 2024	2650.80	2775.00	2793.45	2640.10	0.774 times
21 Mon Oct 2024	2776.45	2840.00	2858.00	2769.25	0.437 times
18 Fri Oct 2024	2839.40	2850.05	2877.90	2820.05	0.588 times
17 Thu Oct 2024	2868.75	2999.00	2999.00	2840.15	1.476 times
16 Wed Oct 2024	2999.50	2932.60	3011.15	2925.00	2.72 times
15 Tue Oct 2024	2932.60	2854.00	2944.00	2835.80	1.316 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2719.4, but if it comes above 2719.4, then a intra day buy could be more profitable.
If you take a sell trade below 2719.4, then use 2719.4 as stoploss and 2607.7 as target. However if you take a buy trade in stock , then use 2719.4 as stoploss and 2812.44 as target.

Share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Target	2021.00
Downside Target	2510.00
Downside Target	2640.00
Upside Target	2720.00
Upside Target	2848.50
Upside Target	2858.00
Upside Target	2986.90
Upside Target	3011.15
Upside Target	3023.80
Upside Target	3122.05
Upside Target	3169.00

Intraday share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Intraday Target	2653.37
Downside Intraday Target	2614.53
Upside Intraday Target	2725.52
Upside Intraday Target	2758.83
Downside Intraday Target	2686.68

Weekly technical analysis of Deepak Nitrite (DEEPAKNTR)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	2692.20	2660.00	2720.00	2647.85	0.11 times
25 Fri Oct 2024	2671.40	2840.00	2858.00	2640.00	0.46 times
18 Fri Oct 2024	2839.40	2829.60	3011.15	2805.00	2.313 times
11 Fri Oct 2024	2829.60	2828.50	2848.50	2749.75	0.77 times
04 Fri Oct 2024	2828.50	2899.00	2986.90	2816.00	0.874 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
28 Mon Oct 2024	2692.20	2909.40	3011.15	2640.00	1.13 times
30 Mon Sep 2024	2907.10	2926.45	3023.80	2782.00	0.491 times
30 Fri Aug 2024	2911.05	3083.05	3169.00	2783.45	0.912 times
31 Wed Jul 2024	3092.30	2520.00	3122.05	2510.00	1.462 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 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 mid to longer 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.

ADX buy sell signal for Deepak Nitrite stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

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 red color and prices are below the red 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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 2853.32 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 negative.

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