Deepak Nitrite

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Deepak Nitrite fundamentally strong stock. If you look at the quarterly chart, it has been respecting rectangle breakout. Triangle trendline breakout done. Once rectangle breakout happens, stock would roar.
Uwaga
Sector is bleeding. Tremendous pressure in chemical industry. Looks like tough quarter in Q2 as well. Weekly chart showing formation of H&S pattern.
Uwaga
Concall states muted growth for next 3 quarters
Uwaga
Weekly RSI is about to breakout trendline. We can see some good upmove this month if broken. Maybe like 2850, 3000. 15% upmove.
Uwaga
ATH. Long way to go.
deepaknitriteFundamental AnalysisRectangleTriangle

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