DEEPAKNTR - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.9

Let’s unwrap the technical setup for Deepak Nitrite Ltd. (DEEPAKNTR) with a clear read on its chart signals, momentum traits, and potential trade zones

📉 Trend Snapshot

Current Price: ₹1,865

Trading below both 50 DMA (₹1,958) and 200 DMA (₹2,155) → confirms short-term downtrend

A sharp fall from ₹3,169 to ₹1,865 indicates the stock is in a reversal mode, under pressure from heavy distribution

Near 52-week low (₹1,780), showing weak price structure and ongoing bearish sentiment

📊 Momentum Indicators

RSI: 31.5

Deep in oversold territory, suggesting potential technical bounce, but no confirmation yet

MACD: -20.8

Strongly negative → bearish momentum remains dominant

Volume: ₹1.18L vs avg ₹1.01L

Slight rise in volume may indicate support-building, though not a reversal signal yet

💹 Moving Averages

Indicator Level (₹) Signal

50 DMA 1,958 Resistance

200 DMA 2,155 Major ceiling

Trend remains bearish, and price needs to decisively cross ₹1,960 to flip sentiment.

📎 Bollinger Bands

Price hovering near lower band, reinforcing oversold condition

Band compression detected → potential for breakout if volume and sentiment reverse

📍 Trading Zones

Zone Type Price Range (₹) Suggested Action

Entry Zone 1,800–1,830 Accumulate cautiously on reversal signs

Resistance 1,960–2,000 Short-term breakout target

Exit Target 2,050–2,150 Trend reversal target near 200 DMA

Support Zone 1,750–1,780 Must hold level to avoid deeper downside

🧾 Additional Signals

EPS: ₹51.1 vs P/E 37.4 → earnings reasonably priced

PEG: -2.71 → pricing in growth uncertainty

Qtr PAT doubled (₹202 Cr. vs ₹98.1 Cr.) → good earnings momentum despite weak technicals

DII Hold ↓ 0.61%, FII Hold ↑ 0.04% → mixed institutional stance

Debt-to-equity: 0.24 and ROCE/ROE above 13% → strong balance sheet and fundamentals

🧭 Conclusion

DEEPAKNTR is reversing and remains under technical pressure, despite improving fundamentals. With RSI oversold and volume inching up, a technical bounce could emerge near ₹1,800, but trend confirmation needs price above ₹1,960 with volume support. Risk-managed swing trades may be explored with tight stops.

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