DEEPAK NITRATE, The journey of the stock is exceptional from Rs. 400 to 3000 levels since pandemic. Now, we had seen a rally in the past, the stock had corrected 30% from its all time high. it is trading at a level of pullback, this week is utmost important with regards to closing, if the stock gives closing above 2100 then a reversal pattern is confirmed, if the stock fails to close then consider it as a minor pull back and eventually heading towards 1700. The stock is a quality portfolio stock at all parameters, but looking at the present market condition it can close on the either side.
Accumulate around 1700 levels, this is the exact levels where stock had a one way rally keeping in mind resistance of around 2400.
DISCLAIMER - I AM NOT FINANCIAL ADVISOR, ITS JUST A VIEW AND NOT AN ADVISE.
Accumulate around 1700 levels, this is the exact levels where stock had a one way rally keeping in mind resistance of around 2400.
DISCLAIMER - I AM NOT FINANCIAL ADVISOR, ITS JUST A VIEW AND NOT AN ADVISE.
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MOVING TOWARDS 1ST RESISTANCE!!!