Corona virus - China's loss and Deepak Nitrite's gain The product caters to the chemical, dyes and pigments and pharmaceutical sector. Fundamental reasons to buy : 1. Last year the Chinese government forced to reduce the manufacturing of complex chemicals. Less competition. The terrific result last quarter. 2. The company gets the raw material and manufacturing locally. So, no issue from the corona virus. 3. Well positioned to fulfill the demand of global customers. Most of manufacturing units of the Chinese government is affected by the corona virus. The stock doubled in the last 6 months. I have added on each dip. Note: Avoid adding at the current position. Longby agamedes1
stepping stone reaccumulation - DEEPAK NITRITEdisclaimer... not an investing/trading recommendationLongby capsule913
LOTS OF RESISTANCE TO BREAKOUT OF, YET VERY LIKELYdisclaimer.... not n investing/trading recommendationLongby capsule910
Deepak NitriteDeepak Nitrite base of traingle is around 200 day moving average. Traingle setup can be bought at 266 ( If it corrects) or above 290 once it croses the traingle setup. Longby priceNpediaUpdated 115