Niftydirection

Deepak Nitrate in Third Elliott Wave with Cup and Handle break

Long
NSE:DEEPAKNTR   DEEPAK NITRITE
Deepak Nitrate shows Bullish bias for 3rd Elliott wave target 870. Conversely it's cup and handle breakout with cup height ~260+600(breakout point) =860. Stoploss 550. Entry on any dip towards 600.

If Wave 4 retraces 0.382=712 then wave 5 target 960-70
If Wave 4 retraces 0.272=772 then wave 5 target 1032

Calculations and actual movement in stock may differ ask your financial advisors before investing and never trade without stoploss.

Hit like button and follow. Sorry for messy chart ;)

Comment: 820 high 🎯

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.