Deepak Nitrate, Taking support from previous resistance, Bullish flag and pole pattern, 50EMA support, Rsi cooled, Sellers vanishing(MACD), Good RR ratio, Chemical sector in Monsoon, Best fundamentals after AlkylAmines in chemicals, Buy for swing/long when it breakes trendline with volume.
Cup & Handle Formation on Aditya Birla Capt.
Trend Line of Breaks & its Confirmation is also seen.
No Volume seen @ 16th July justifying Fake Upward Trend.
Overall Short the Share.
Its My own Analysis, & Not Recommending it to anybody to Short.
A move below 591 before the neckline breakout will negate the pattern.
Pattern will be in action above the neckline.
I Will be looking for breakout: pullback-retest-reversal (PRR) type entry..see post below to read on trading confirmations.