📊 #Deepaknitrite #nifty #nifty50 #banknifty #niftybankNSE:DEEPAKNTR
trade if one can find reversal trade for short as per their trade setup.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Deepaknitrite
Deepak Nitrate in Third Elliott Wave with Cup and Handle breakDeepak 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 ;)
Deepak Nitrite | BUYAfter 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.