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Technicals for Deepak Nitrite Limited
By MusingTheNews
2025-05-30 20:32
Overall Technical outlook
Price Summary
On 2025-05-29, DEEPAKNTR's stock began at 2075.0, peaked at 2128.9, dipped to 2021.5, and closed up 1.22% at 2100.4, with a volume of 2460273 shares. The stock's highest value over the last 52 weeks is 3102.6, and the lowest value is 1807.35. 17 analysts forecast that the price of DEEPAKNTR will range from 1438.0 to 2421.0, with an average expected price near 2095.9412.
Technicals
Support and Resistance: The current price of 2100.4 for DEEPAKNTR is supported at 2037.5 and faces resistance at 2118.5. These levels indicate that 2037.5 could act as a floor, while 2118.5 might limit any further price increases. Support/Resistance for DEEPAKNTR
Aroon: The AROON is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Aroon chart for Deepak Nitrite Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Bolinger Bands chart for Deepak Nitrite Limited
Parabolic SAR: The PSAR maintains its bullish stance, setting a significant support level that could help sustain the market's upward movement. This strong support suggests that Deepak Nitrite Limited is likely to continue trending higher, providing investors with confidence in the ongoing bullish momentum. Parabolic Stop and Reverse chart for Deepak Nitrite Limited
Stochastic: The STOCHASTIC 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. Stochastic chart for Deepak Nitrite Limited
Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Tripple SMA chart for Deepak Nitrite Limited
A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.
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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