Deepak Nitrite

Updated
Hello & welcome to this analysis using Ichimoku Multi Time Frame Analysis

Stock has a history of lengthy periods of sideways correctives. The current scenario suggesting a trend line resistance if taken out then upside till 2250-2350 where it faces a major resistance. Support at 2050-25 if violated then next major support at 1900-1875. Anything below that would be bad for it.

Happy Investing
Note
2350 is a big resistance, if taken out (at least daily basis ideally weekly) then up move will be super strong
Note
Huge breakout in weekly time frame
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