Deepak Nitrate: Bullish even in longer term

Excellent and encouraging chart formation in Daily timeframe.

Look at it:

• The chart is now breaking out (and in retesting mode) of the long term falling trendline (red color)
  
• The solid long term supports one can see first 2156, then 2050 level.
  
• Higher side: 2400, 2700.
  
• Keep SL of 2150. CMP: 2260