After a prolonged period of sideways consolidation, Deepak Chemtex Limited has successfully broken above a major resistance level at ₹110, signaling a possible trend reversal from bearish to bullish. The stock saw a strong price surge this week, closing at ₹122.57, marking a significant +21.36% gain. Importantly, this breakout was accompanied by a notable increase in trading volume, indicating strong buying interest and further validating the breakout's strength.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.