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Technicals for Deepak Nitrite Limited
By MusingTheNews
2025-12-15 20:31
Overall Technical outlook
Price Summary
DEEPAKNTR's shares experienced a significant 2.9% increase, indicating a phenomenal market performance. Deepak Nitrite Limited's stock began trading at 1530.8 on 2025-12-15, soared to 1588.5, dipped to 1525.1, and finished the day 2.9% up at 1575.2, with 174759 shares exchanged. The stock reached its highest price of 2692.25 and lowest price of 1522.7 over the last 52 weeks. The future price of DEEPAKNTR is anticipated to range from 1428.0 to 2160.0, with an expected mean price of 1843.5294, according to the recommendations of 17 analysts.
Technicals
Support and Resistance: The price for DEEPAKNTR at 1575.2 finds support at 1569.0 and resistance at 1728.4. This suggests a trading range, where 1569.0 serves as a support level and 1728.4 acts as a resistance point, potentially capping further gains. Support/Resistance for DEEPAKNTR
Aroon: The AROON is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. 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 has switched from bearish to bullish, hinting at a possible trend change. If this move is backed by other indicators, it could represent a very bullish signal. Traders should seek confirmation from other market trends to validate this potential reversal. Parabolic Stop and Reverse chart for Deepak Nitrite Limited
Stochastic: The current reading of the STOCHASTIC is neutral for DEEPAKNTR, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. 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
The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.
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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