🚀Deepak Nitrite – Breakout Trade Idea
Ticker: NSE: DEEPAKNTR
Timeframe: 1D
Bias: Bullish Reversal
📊 Technical Setup
Stock has been in a long-term downtrend but is now forming a base near ₹1730–1760 support zone.
Price has successfully bounced from support and is challenging the downtrend resistance trendline.
RSI turning upwards from oversold zone – early signs of momentum shift.
Strong volume confirmation on the recent green candle.
📌 Trade Plan
Entry: ₹1845–1860 (on sustained close above resistance trendline).
Target 1: ₹2100
Target 2: ₹2450
Stoploss: ₹1730 (below recent swing support).
Risk:Reward ≈ 1:3
🔮 Sentiment / Astro Note (Optional)
Current planetary transits favor chemicals & specialty sectors, which may fuel momentum in Deepak Nitrite in coming weeks.
Venus (significator of chemicals, fragrances, and allied industries) is currently strong in transit, enhancing momentum in specialty chemicals.
Mercury supports industrial growth themes, and its alignment is favoring mid-cap chemical counters.
The Moon’s transit in benefic houses this week further boosts short-term liquidity and sentiment in cyclicals.
Historically, chemical sector stocks show upward bias during such Venus-dominant transits, and Deepak Nitrite fits well in this sectoral play.
⚠️ Disclaimer
This is an educational trade idea, not financial advice. Please manage risk and use your own discretion before trading.
Ticker: NSE: DEEPAKNTR
Timeframe: 1D
Bias: Bullish Reversal
📊 Technical Setup
Stock has been in a long-term downtrend but is now forming a base near ₹1730–1760 support zone.
Price has successfully bounced from support and is challenging the downtrend resistance trendline.
RSI turning upwards from oversold zone – early signs of momentum shift.
Strong volume confirmation on the recent green candle.
📌 Trade Plan
Entry: ₹1845–1860 (on sustained close above resistance trendline).
Target 1: ₹2100
Target 2: ₹2450
Stoploss: ₹1730 (below recent swing support).
Risk:Reward ≈ 1:3
🔮 Sentiment / Astro Note (Optional)
Current planetary transits favor chemicals & specialty sectors, which may fuel momentum in Deepak Nitrite in coming weeks.
Venus (significator of chemicals, fragrances, and allied industries) is currently strong in transit, enhancing momentum in specialty chemicals.
Mercury supports industrial growth themes, and its alignment is favoring mid-cap chemical counters.
The Moon’s transit in benefic houses this week further boosts short-term liquidity and sentiment in cyclicals.
Historically, chemical sector stocks show upward bias during such Venus-dominant transits, and Deepak Nitrite fits well in this sectoral play.
⚠️ Disclaimer
This is an educational trade idea, not financial advice. Please manage risk and use your own discretion before trading.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.