Deepak Nitrite: Anticipated Happened

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 Deepak Nitrite 60 mins chart anticipated on 24th April 2022


Deepak Nitrite 60 mins chart happened on 10th June 2022


In my previous article, I had reiterated, "Deepak Nitrite can sin to the level of 1800-1750 levels over short term with the resistance placed at 2400."

The stock plunged below 1750 levels on 10th June 2022 thereby achieving my above mentioned levels - Anticipated Happened

To view my previous article on Deepak Nitrite, click on the below mentioned link

https://www.marketanalysiswithmeghmody.com/2022/04/deepak-nitrite-elliott-wave-analysis.html

As per Wave theory, prices have either completed wave a after wave x in double correction or it has completed wave c of a normal correction (a-b-c). In both the scenarios there are chances for the stock to show a relief rally.

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