Deepak Nitrite Limited
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Buy Deepak Nitrite, target 2174, over 10% upside

364
Deepak Nitrite completed major correction in the form of a zigzag (ABC) and started forming a new impulse wave.

Stock while forming the third sub-wave again went into a correction in the form of a zigzag which seem to have been completed.

All the wave markings are given in the chart.

Buy Deepak Nitrite with a target of 2174 (>10% upside potential in a short timeframe), maintain stoploss of 1857.

Stock is at a good level to buy with a medium-term outlook.

Will update further targets as the wave progresses.

Happy trading !!
Dagangan ditutup: hentian tercapai
The perceived end of wave iv was only end of wave A. Wave A had 1st wave extension.

Penafian

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