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jayaprakash99

Will DEEPAK NITRITE BreakOut or BreakDown ?

DEEPAK NITRITE (NSE:DEEPAKNTR)  
jayaprakash99  
NSE:DEEPAKNTR   DEEPAK NITRITE
Support and Resistance Parallel Channel Flag supportandresitance Descending Channel flagandpolepattern deepaknitrite
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supportandresistance parallelchannel flagpattern supportandresitance descendingchannel flagandpolepattern deepaknitrite
DEEPAK NITRITE has been trading in Descending channel for the last few months. However, it is forming a Flag and Pole pattern as per weekly/Monthly charts. The stock has been trading near the channel highs and resistance levels, if it breaks out from these levels, it's likely to reach 3000 levels again.

Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.

Happy Trading
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