Deepak Nitrite - Long-term supportPrice action: Trading ~45% below all-time high → indicates long-term weakness, but also potential value zone if support holds.
Support levels:
Same zone was tested in July 2022, Feb 2023, and again in Feb 2025.
Multiple tests of the same support increase its significance—but repeated retests without strong bounces can weaken it.
RSI (Monthly): Around 40 → in the “watch zone.” This shows potential for reversal if buyers step in.
200 MA: Trading below the 200-day moving average → structurally
