Long

Deepak Nitrite

Updated

Deepak Nitrite fundamentally strong stock. If you look at the quarterly chart, it has been respecting rectangle breakout. Triangle trendline breakout done. Once rectangle breakout happens, stock would roar.

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Sector is bleeding. Tremendous pressure in chemical industry. Looks like tough quarter in Q2 as well. Weekly chart showing formation of H&S pattern.

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Concall states muted growth for next 3 quarters

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Weekly RSI is about to breakout trendline. We can see some good upmove this month if broken. Maybe like 2850, 3000. 15% upmove.

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ATH. Long way to go.

naraykln

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Deepak Nitrite Quarterly chart

by naraykln

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