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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 2024-03-21 View latest technical analysis

10 day averaged volume of Deepak Nitrite is 201454

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	2149.85	2110.55	2155.00	2110.05	0.984 times
20 Wed Mar 2024	2100.05	2115.70	2130.00	2059.15	0.823 times
19 Tue Mar 2024	2115.70	2109.45	2139.00	2096.70	0.998 times
18 Mon Mar 2024	2109.25	2106.45	2120.90	2101.00	0.509 times
15 Fri Mar 2024	2098.65	2108.00	2123.55	2080.00	1.162 times
14 Thu Mar 2024	2099.60	2051.00	2109.00	2035.10	0.686 times
13 Wed Mar 2024	2065.20	2125.10	2145.95	2054.20	1.97 times
12 Tue Mar 2024	2129.35	2174.45	2175.00	2121.50	0.91 times
11 Mon Mar 2024	2165.45	2206.05	2215.15	2157.55	0.627 times
07 Thu Mar 2024	2206.05	2200.00	2250.00	2197.00	1.212 times

My analysis of stock is bearish for shortterm, and stock might move down till 2110.8 or till 2032.9. Use a stoploss of 2175.65 and if the stock hits stoploss, then it can shoot up till 2240.52

Share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Target	1955.05
Downside Target	2035.10
Downside Target	2134.85
Upside Target	2250.00
Upside Target	2275.55
Upside Target	2314.60
Upside Target	2378.00
Upside Target	2502.00
Upside Target	2521.15

Intraday share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Intraday Target	2087.67
Downside Intraday Target	2025.48
Upside Intraday Target	2183.52
Upside Intraday Target	2217.18
Downside Intraday Target	2121.33

Weekly technical analysis of Deepak Nitrite (DEEPAKNTR)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	2149.85	2106.45	2155.00	2059.15	0.619 times
15 Fri Mar 2024	2098.65	2206.05	2215.15	2035.10	1.382 times
07 Thu Mar 2024	2206.05	2218.35	2250.00	2134.85	0.774 times
02 Sat Mar 2024	2218.35	2307.00	2314.60	2169.00	0.446 times
23 Fri Feb 2024	2305.55	2295.25	2378.00	2275.55	1.647 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
21 Thu Mar 2024	2149.85	2206.15	2250.00	2035.10	0.466 times
29 Thu Feb 2024	2212.85	2350.00	2378.00	2163.00	0.994 times
31 Wed Jan 2024	2305.90	2488.00	2521.15	2208.05	0.462 times
29 Fri Dec 2023	2481.20	2209.00	2502.00	2179.40	1.879 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 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 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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bears are weakening, and bulls are picking up momentum!

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 and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 2119.77 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 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.