Here’s my take: The stock’s taken a bearish turn recently, with the 9-day EMA crossing below the 21-day EMA—a potential "death cross" signal. 📉 RSI’s dropped from overbought (75+) to neutral (~52), suggesting cooling momentum. Volume spiked on the April 4 drop, hinting at strong selling pressure. No clear reversal patterns yet, but if RSI dips below 50, we might see more downside. For now, I’d hold or wait for a clearer bounce—unless you’re shorting the weakness! 🚨 #NotFinancialAdvice

This stock shows a mixed but slightly bullish trend, with the 9-day EMA above the 21-day EMA—a positive signal. The RSI hovering around 63 suggests it's neither overbought nor oversold, just cruising in neutral territory. Volume spiked on April 21, hinting at strong interest, but recent sessions show lighter activity. No clear chart patterns stand out, but the steady climb since mid-April is encouraging. For now, it’s a hold with a watchful eye—could break higher if volume returns. 📈🔍

Deepak Nitrite Limited manufactures and sells basic chemicals, fine and speciality chemicals, performance products, and phenolics in India. The company offers intermediates for colorants, rubber chemicals, explosives, dyes, pigments, food colors, pharmaceuticals, petrol and diesel blending, and agrochemicals. It also provides products for agro-chemicals, colorants, pigments, pharmaceuticals, and personal wellness products. In addition, the company offers optical brighteners; and products for paper, detergent, coating, and textile industries. Further, it provides phenols, cumene, isopropyl alcohol, and acetone. The company also exports its products primarily to Europe, the United States, Japan, Latin America, the Middle East, and the Far East. Deepak Nitrite Limited was incorporated in 1970 and is headquartered in Vadodara, India.

Deepak Nitrite Limited DEEPAKNTR.NS: 1912 INR

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Bearish views