📊 Deepak Nitrite Ltd – Bullish Reversal After Strong Recovery
🔎 Technical View:
• Strong rebound from key support zone
• Higher High–Higher Low formation emerging
• Price moving above short-term moving averages
• Momentum indicators turning positive with improving strength
🔑 Key Levels:
• Support: ₹1,675 – ₹1,640
• Major Support: ₹1,585 – ₹1,540
• Resistance: ₹1,725 – ₹1,765
🚀 Targets:
• ₹1,765
• ₹1,808
• ₹1,850+
📉 Risk:
A close below ₹1,640 may weaken the bullish momentum and trigger fresh selling pressure.
📈 Trading View:
👉 The stock is showing signs of fresh accumulation after a healthy correction. A sustained move above ₹1,725 could open the door for higher upside targets.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊