After forming a double bottom at Rs 215 levels during last month, the stock price has given a bullish breakout above the downward sloping trend line, adjoining the highs of 24-April, 25-June, 10-July and 01-August 2018.The stock price also closed above its 200-day-SMA on Monday with higher volumes.
The momentum indicators and Oscillators like RSI and MACD are showing strength in the stock for the short to medium-term perspective. Therefore, the stock recommend buying Deepak Nitrite around 267-270 upside target of Rs 285-299 and a stop loss below Rs 253.
For more information Whatsapp@ +91-9755855566 or visit@ http://www.saiproficient.com/
The momentum indicators and Oscillators like RSI and MACD are showing strength in the stock for the short to medium-term perspective. Therefore, the stock recommend buying Deepak Nitrite around 267-270 upside target of Rs 285-299 and a stop loss below Rs 253.
For more information Whatsapp@ +91-9755855566 or visit@ http://www.saiproficient.com/
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