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Technicals for Deepak Nitrite Limited
By MusingTheNews
2025-09-04 20:27
Overall Technical outlook
Price Summary
On 2025-09-03, Deepak Nitrite Limited's stock began at 1772.9, peaked at 1776.5, bottomed at 1745.7, and closed -0.6% lower at 1762.3, with a volume of 286344 shares. Over the previous 52 weeks, the stock reached a high of 2999.5 and a low of 1758.8. According to 17 analysts, the future price is anticipated to vary between 1528.0 and 2360.0, with an average expected price of around 1967.8235.
Technicals
Aroon: The persistent bearish trend in Aroon, with Aroon Down still at the 100 level, suggests continued weakness. To gain a complete understanding of this trend, it should be explored further in conjunction with other technical indicators. Aroon chart for Deepak Nitrite Limited
Bol. Bands: The BOLL BANDS is currently in a neutral position for Deepak Nitrite Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Bolinger Bands chart for Deepak Nitrite Limited
Parabolic SAR: The PSAR continues its bearish outlook, setting a key resistance level that could limit upward potential. This resistance suggests that the market may struggle to break higher, reflecting ongoing bearish pressure for DEEPAKNTR. Parabolic Stop and Reverse chart for Deepak Nitrite Limited
Stochastic: The Stochastic K-line's position below the D-line and under 20 suggests a mildly bearish market condition. This setup indicates potential downside risk, but the bearish signal is not very strong. Traders should watch for further developments before making any decisions. Stochastic chart for Deepak Nitrite Limited
Tripple Moving Agerage: A bullish trend is signaled by the alignment of the 20-50-100 period moving averages, but the slopes of the faster averages suggest a potential reversal. The weakening momentum in the shorter-term averages hints that the current upward trend might be nearing its end, signaling the possibility of a shift in direction. 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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