SWING IDEA - DEEPAK NITRITE LTD

Deepak Nitrite, a leading chemical company known for its diverse product portfolio, is showing a promising setup for swing trading.

Reasons are listed below :

2500 Support Zone: The price is resting on a well-tested support level around 2500, adding to the reliability of a potential bounce.
Hammer Candle on Weekly Timeframe: The appearance of a hammer candle suggests a reversal could be on the horizon as buyers regain control.
Golden Fibonacci Support: The current price aligns with a key Fibonacci retracement level, providing additional support.
50 EMA Support on Weekly Timeframe: The price holding above the 50 EMA is a sign of continued strength and underlying support.
Trend Intact with Higher Highs and Higher Lows: The consistent formation of higher highs and higher lows reinforces a bullish trend.

Target - 3000 // 3170
Stoploss - weekly close below 2440

DISCLAIMER -

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@visionary.growth.insights

액티브 트레이드

made a high of 5%+

노트

trend is intact, hold!

노트

you can accumulate at this level!

노트

Stoploss is intact, hold!

거래청산: 스탑 닿음

stoploss hit : -8%