Deepak nitrite long oppportunity

Deepak Nitrite is a fundamentally strong company and has a great future ahead. It is forming a triangle pattern after a big rally to the upside. You can enter the stock as soon as the triangle is breached. We can expect continuation of the move after the breakout. EV/EBITDA valuation model gives a target price of Rs 2500. It is a long-term bet so manage your risk accordingly.