Momentum Pick - Buy Deepak Nitrite Ltd For Target Rs. 880 - HDFC Securities
After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.
Currently, the price is making an attempt to show upside move above the key upper resistance.
The short-term trend has turned positive.
We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.
Volume has started to rise along with the up move in the stock price.
The daily/intraday RSI is showing positive indication.
The overall chart pattern of PEL July Future indicates a short trading opportunity. One may look to create long trading position as per the levels mentioned above.
Buy Deepak Nitrite Ltd @ 2-7 DAYS 798, 810 TGT 880 SL 792
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