Niftydirection
Long

Deepak Nitrate in Third Elliott Wave with Cup and Handle break

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.

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Comment: 820 high 🎯

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