MENU

Published on 28/09/2020 3:00:17 PM | Source: HDFC Securities Ltd

Momentum Pick - Buy Deepak Nitrite Ltd For Target Rs. 880 - HDFC Securities

Posted in Broking Firm Views - Short Term Report| #Chemicals Sector #HDFC Securities #Deepak Nitrite Ltd. #Trading Report

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Momentum Pick - Buy Deepak Nitrite Ltd For Target Rs. 880 - HDFC Securities

Observation:

After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

Currently, the price is making an attempt to show upside move above the key upper resistance.

The short-term trend has turned positive.

We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.

Volume has started to rise along with the up move in the stock price.

The daily/intraday RSI is showing positive indication.

The overall chart pattern of PEL July Future indicates a short trading opportunity. One may look to create long trading position as per the levels mentioned above.

Buy Deepak Nitrite Ltd @ 2-7 DAYS 798, 810 TGT 880 SL 792

 

To Read Complete Report & Disclaimer Click Here

 

Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795
SEBI Registration number is INZ000171337

 

Above views are of the author and not of the website kindly read disclaimer