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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 2024-05-02 View latest technical analysis

10 day averaged volume of Deepak Nitrite is 456451

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	2479.75	2430.55	2499.30	2416.85	0.739 times
30 Tue Apr 2024	2430.55	2442.00	2474.80	2420.10	0.567 times
29 Mon Apr 2024	2443.85	2508.95	2510.00	2425.00	0.779 times
26 Fri Apr 2024	2477.05	2440.00	2535.00	2405.70	1.914 times
25 Thu Apr 2024	2422.80	2412.00	2427.00	2388.20	0.739 times
24 Wed Apr 2024	2399.30	2383.00	2425.45	2368.65	1.708 times
23 Tue Apr 2024	2371.20	2311.30	2396.00	2300.95	1.417 times
22 Mon Apr 2024	2301.85	2279.95	2324.75	2270.05	0.536 times
19 Fri Apr 2024	2271.85	2291.00	2297.00	2245.60	0.443 times
18 Thu Apr 2024	2305.25	2322.65	2365.00	2293.70	1.01 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2413.7, but if it comes below 2413.7, then a intra day sell could be more profitable.
If you take a sell trade below 2413.7, then use 2413.7 as stoploss and 2317.89 as target. However if you take a buy trade in stock , then use 2413.7 as stoploss and 2528.7 as target.

Share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Target	2035.10
Downside Target	2120.00
Downside Target	2163.00
Downside Target	2346.50
Downside Target	2378.00
Downside Target	2416.85
Upside Target	2499.30
Upside Target	2510.00
Upside Target	2521.15
Upside Target	2535.00

Intraday share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Intraday Target	2427.73
Downside Intraday Target	2375.72
Upside Intraday Target	2520.88
Upside Intraday Target	2562.02
Downside Intraday Target	2468.87

Weekly technical analysis of Deepak Nitrite (DEEPAKNTR)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	2479.75	2508.95	2510.00	2416.85	0.33 times
26 Fri Apr 2024	2477.05	2279.95	2535.00	2270.05	1.917 times
19 Fri Apr 2024	2271.85	2289.95	2365.00	2245.60	0.673 times
12 Fri Apr 2024	2316.70	2225.00	2346.50	2185.05	1.103 times
05 Fri Apr 2024	2219.90	2131.95	2230.75	2120.00	3.232 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
02 Thu May 2024	2479.75	2430.55	2499.30	2416.85	0.036 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
29 Thu Feb 2024	2212.85	2350.00	2378.00	2163.00	0.994 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 gaining 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 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 BUY signal in short term and the buying is gaining 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 2402.82 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.