Double bottom pattern breakout in DEEPAKNTRDEEPAK NITRITE
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Double bottom Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2040+.
✅Can Go Long in this stock by placing a stop loss below 1985-.
DEEPAKNTR trade ideas
deepaknit buy ideastock looking attractive as it is approaching the trendline and a new quarter is to start , last quarter was positive . so it looks a decent correction from last quarter has been done and as the trendline suggests buyers will be looking to take a ride . if you are to take a long in this counter make a decision that stay above the trendline and sell below trendline.
deepak nitrate breakout WEEKLY MONTHLY
right now channel breakout is done on the DAILY LEVEL
and retracement was also done
(some people may enter with the right now 2086 price
for first and second targets with a stop loss of 1300
and also without stop loss and add more on deep )
who wants more surreality may wait for a week bar
completing and watching weekly breakouts and then
take position
time period may be 1-2 years for
DEEPAK NITRATE DEEPAK NITRATE has given breakout from falling wedge pattern.
Considering the Price of crude ( below 100 USD), Which main raw material for its Product , this script can achieve the mentioned targets in the chart
PS - 2nd Quarter Results might be affected due to fire accident in one of its plant in Gujarat, irrespective of that logterm growth of this script is intact.