Description:
Deepak Nitrite is currently at a critical accumulation zone, making this a great time for long-term investors!
Key Market Structure:
All-Time High: ₹3,469 (Aug 2024)
Recent Low: ₹1,790 (Down ~45% from ATH)
Current Price: ₹1,983
Monthly Swing Low Taken (2021 Levels)
Consolidation Phase (Oct 2021 – April 2025) indicates a potential big move ahead.
Investment Strategy:
Best Entry Zones:
₹1,921 – ₹1,907 (Partial Accumulation)
₹1,871 – ₹1,790 (Ideal Long-Term Buying Zone)
Stop Loss: Recent low for risk management.
Target Projections:
Target 1: ₹2,257
Target 2: ₹2,399
Target 3: ₹2,800
Target 4: ₹4,800+++
Why Now?
Multi-year consolidation indicates a strong breakout potential.
Current levels offer a favorable risk-reward ratio for long-term investors.
If price enters our target zones, it presents a rare wealth-building opportunity.
️ Risk Management: Always invest based on your risk appetite and analysis.
Don’t Miss Out!
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https://www.tradingview.com/x/2uqZNbOe/