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Technicals for Deepak Nitrite Limited
By MusingTheNews
2025-06-13 20:31
Overall Technical outlook
Price Summary
Deepak Nitrite Limited's stock opened at 1965.0 on 2025-06-12, surged to 1968.3, hit a low of 1926.0, and closed up -1.77% at 1930.3, with 149904 shares traded. In the last 52 weeks, the stock's top price was 3102.6 and the bottom price was 1807.35. The price projection is between 1650.0 and 2565.0, with an average expected price around 2140.647, according to 17 analysts.
Technicals
Support and Resistance: The price for DEEPAKNTR is 1930.3, with support at 1898.5 and resistance at 2037.5. This suggests a range where 1898.5 acts as a base, preventing declines, and 2037.5 caps gains, defining key trading levels. Support/Resistance for DEEPAKNTR
Aroon: Aroon's bearish trend continues, with Aroon Down maintaining its position at the 100 level. This sustained bearish momentum suggests potential ongoing declines. However, to fully understand the trend's implications, it's important to analyze it alongside other indicators to gain a comprehensive view of the market. Aroon chart for Deepak Nitrite Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Bolinger Bands chart for Deepak Nitrite Limited
Parabolic SAR: The PSAR maintains its bearish stance, establishing a resistance level that could cap any attempts at upward movement. This persistent bearish outlook suggests that the market may continue to face downward pressure, with resistance preventing significant gains. Parabolic Stop and Reverse chart for Deepak Nitrite Limited
Stochastic: The Stochastic K-line is now positioned below both the D-line and the 20 level, reflecting a mildly bearish outlook. This suggests that the market could see some downward pressure, but the bearish signal is not yet strong. Traders should be cautious and watch for additional developments. Stochastic chart for Deepak Nitrite Limited
Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral stance, with no definitive indication of an upward or downward trend for DEEPAKNTR. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Tripple SMA chart for Deepak Nitrite Limited
Understanding a company's fundamentals—such as revenue, earnings, and debt levels—provides a solid foundation for analyzing its technical performance. Similarly, knowledge of the industry, including key competitors and market trends, is critical. Combining this fundamental analysis with technical indicators like stock charts, moving averages, and trading volume enables a more comprehensive approach to evaluating the company's overall health and potential future performance.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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