Deepak Nitrite Breakout
This is the chart of Deepak Nitrite which recently gave a breakout.
Deepak Nitrite is an Indian chemical company which has been on an amazing run (fundamentally and technically). However, the stock was facing stiff resistance at its 52-week high levels, having tested it very swiftly post the covid-19 crash. It again tested those levels and then in a matter of days, re-tested, but this time it was successful in breaking that level. This ensured that the stock moved upwards. Look at the breakout candle and it won't take a genius to know that this is a big bullish sign.
Via this post I just wanted to bring your attention to how simple charts and trades can be, it all depends upon your setup.
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