After a minor correction in the first half of August, the stock of Deepak Nitrite rebounded from the support band between ₹550 and ₹570. It rallied and is now retesting the all-time high of ₹673.35. The major trend is bullish and the stock has formed higher low in the daily chart. Going forward, the scrip can breakout of the prior high and witness a strong rally on the upside.