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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 2024-09-20 View latest technical analysis

10 day averaged volume of Deepak Nitrite is 169191

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	2844.10	2827.95	2879.50	2812.60	1.118 times
19 Thu Sep 2024	2824.40	2906.70	2920.20	2809.80	1.25 times
18 Wed Sep 2024	2886.20	2904.00	2923.80	2869.55	1.638 times
17 Tue Sep 2024	2903.20	2925.00	2945.90	2884.10	1.113 times
16 Mon Sep 2024	2923.95	2929.00	2949.00	2901.65	0.862 times
13 Fri Sep 2024	2930.90	2930.05	2969.25	2923.70	0.574 times
12 Thu Sep 2024	2923.05	2919.30	2951.50	2910.10	0.593 times
11 Wed Sep 2024	2919.30	2987.90	2988.00	2913.20	0.771 times
10 Tue Sep 2024	2969.20	2972.60	2977.75	2942.70	0.826 times
09 Mon Sep 2024	2942.60	2929.10	2952.70	2881.00	1.07 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2863, but if it comes above 2863, then a intra day buy could be more profitable.
If you take a sell trade below 2863, then use 2863 as stoploss and 2806.8 as target. However if you take a buy trade in stock , then use 2863 as stoploss and 2909.89 as target.

Share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Target	2021.00
Downside Target	2165.00
Downside Target	2510.00
Downside Target	2619.80
Downside Target	2783.45
Upside Target	2881.00
Upside Target	2949.00
Upside Target	2988.00
Upside Target	3023.80
Upside Target	3093.75
Upside Target	3122.05
Upside Target	3169.00

Intraday share price targets for Deepak Nitrite (DEEPAKNTR)

Target Type	Value
Downside Intraday Target	2786.27
Downside Intraday Target	2728.43
Upside Intraday Target	2925.47
Upside Intraday Target	3006.83
Upside Intraday Target	2867.63

Weekly technical analysis of Deepak Nitrite (DEEPAKNTR)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	2844.10	2929.00	2949.00	2809.80	1.56 times
13 Fri Sep 2024	2930.90	2929.10	2988.00	2881.00	0.345 times
06 Fri Sep 2024	2929.10	2926.45	3023.80	2890.00	0.742 times
30 Fri Aug 2024	2911.05	2828.00	2931.00	2798.35	0.942 times
23 Fri Aug 2024	2821.05	2900.95	3093.75	2783.45	1.615 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
20 Fri Sep 2024	2844.10	2926.45	3023.80	2809.80	0.325 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
28 Fri Jun 2024	2501.95	2280.00	2646.00	2021.00	0.849 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 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 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 SELL signal for Deepak Nitrite in short term and SELL 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 2899.35 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.