The chart should tell you everything you need to know about NSE:DEEPAKNTR : However, Below are some 'good to know' pointers:
- The Price action is completely sideways in nature with clearly marked support and resistance zones - The price has been consolidating for over 18 months now - Owing to the sideways nature, the breakout of the trendline did not have a huge impact on the price momentum. The price immediately took a rejection from the resistance zone and gunned for a retest. - Bearish crossover of MACD on a weekly TF is a negative - The PE ratio has worsened - The Psy. levels of 2000 and 2500 are at play - We can expect some good momentum once either of the zones is broken. Until then, it's hold the fight and sit tight situation for us.
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Third attempt:
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And rejection. This may be a pullback before the breakout. We wait and watch