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Stock Radar: Breakout from bullish pennant pattern makes Deepak Nitrite an attractive buy

Posted on May 7, 2026
By Business News Today
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1 min read

Stock Radar: Breakout from bullish pennant pattern makes Deepak Nitrite an attractive buy

Deepak Nitrite Ltd has broken out from a bullish pennant pattern on daily charts, signaling potential for further upside. Experts suggest short-term traders can target Rs 1,900 in the next 2-3 weeks, with a stop loss below Rs 1,760. The stock has shown strong recent performance and a bullish technical setup.