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Stock analysis Deepak Nitrite Limited DEEPAKNTR

More indepth analysis on MunafaSutra.com

Moving Averages for Deepak Nitrite Limited

  • 5Day Average: 2450.8
  • 12Day Average: 2377.02
  • 20Day Average: 2317.89
  • 50Day Average: 2244.28
  • 100Day Average: 2283.54
  • 150Day Average: 2223.72
  • 200Day Average: 2191.35

DEEPAKNTR Indicators & signals

Indicator MACD (12,26,9)

2385.83, 2317.09, 51.18
Indicator MACD is in positive zone

Indicator ADX (14)

52.78, 34.02, 10.52
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of DEEPAKNTR Deepak Nitrite Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
02 Thu May 2024 2479.75 2416.85 to 2499.30 2.02% 0.74 times
30 Tue Apr 2024 2430.55 2420.10 to 2474.80 -0.54% 0.57 times
29 Mon Apr 2024 2443.85 2425.00 to 2510.00 -1.34% 0.78 times
26 Fri Apr 2024 2477.05 2405.70 to 2535.00 2.24% 1.91 times
25 Thu Apr 2024 2422.80 2388.20 to 2427.00 0.98% 0.74 times
24 Wed Apr 2024 2399.30 2368.65 to 2425.45 1.19% 1.71 times
23 Tue Apr 2024 2371.20 2300.95 to 2396.00 3.01% 1.42 times
22 Mon Apr 2024 2301.85 2270.05 to 2324.75 1.32% 0.54 times
19 Fri Apr 2024 2271.85 2245.60 to 2297.00 -1.45% 0.44 times
18 Thu Apr 2024 2305.25 2293.70 to 2365.00 -0.72% 1.01 times
16 Tue Apr 2024 2321.90 2270.25 to 2354.85 1% 0.89 times
15 Mon Apr 2024 2298.90 2247.55 to 2319.35 -0.77% 0.95 times

Technical analysis forecast of Deepak Nitrite Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Deepak Nitrite Limited DEEPAKNTR at this time. Stock is rising and might rise more.

It appears as if Deepak Nitrite Limited DEEPAKNTR gave a large move recently.

Stock of Deepak Nitrite Limited (DEEPAKNTR) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Deepak Nitrite Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Deepak Nitrite Limited stays above 2435.3, but if it comes below 2435.3, then a intra day sell could be more profitable.
If you take a sell trade below 2435.3, then use 2435.3 as stoploss and 2339.52 as target. However if you take a buy trade in Deepak Nitrite Limited, then use 2435.3 as stoploss and 2550.3 as target.

More indepth analysis on MunafaSutra.com