DEEPAKNTR - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.7

Here’s a detailed technical analysis of DEEPAKNTR (Deepak Nitrite Ltd.)

📊 Trend Overview

Current Trend: Reversing with bearish undertone

Price is below both 50 DMA (₹1,834) and 200 DMA (₹2,050), indicating short- and medium-term weakness.

RSI at 53.7 is neutral, suggesting indecision and lack of strong momentum.

MACD at -14.1 shows a bearish crossover, confirming downward pressure.

📈 Technical Indicators

Moving Averages

Price (₹1,816) < 50 DMA (₹1,834) < 200 DMA (₹2,050): Bearish alignment

RSI (53.7)

Neutral zone. No overbought or oversold signal, but leaning weak.

MACD (-14.1)

Bearish crossover. Momentum is fading.

Bollinger Bands

Price near middle band, indicating consolidation with downside risk.

Volume Trends

Current volume (1.99L) < 1-week average (4.45L): Weak participation

Suggests lack of conviction from buyers.

🔍 Short-Term Momentum Signals

Bearish Bias

Price below key moving averages and negative MACD confirm weakness.

RSI suggests indecision, not a reversal.

DII outflows (-0.61%) reinforce cautious sentiment despite flat FII activity.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,750 Recent swing low

Support 2 1,733 52-week low

Resistance 1 1,834 50 DMA, short-term ceiling

Resistance 2 1,950 Previous consolidation zone

Resistance 3 2,050 200 DMA, medium-term barrier

🎯 Entry & Exit Zones

Optimal Entry: ₹1,740–₹1,770 (on dips near support)

Exit Zone: ₹1,950–₹2,050 (partial profit booking)

Aggressive Target: ₹2,200+ if breakout above 200 DMA sustains with volume

🧭 Summary

Trend: Reversing with bearish momentum

Momentum: Weak, confirmed by MACD and volume

Outlook: Cautious near-term; favorable medium-term if support holds and volume improves

Valuation: Very high P/E (102) vs industry (33.9), weak ROE/ROCE, negative PEG, and steep profit decline (-52%) suggest limited upside despite low debt

Let me know if you'd like a visual chart or a simulated trade setup based on this analysis.

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