The daily chart of Deepak Nitrite Ltd

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The daily chart of Deepak Nitrite Ltd. indicates a potential bullish breakout from a falling wedge pattern, with the stock currently trading near ₹2,709. Key support is around ₹2,550, and resistance lies at ₹2,800–₹2,900. A confirmed close above ₹2,750 with strong volume offers a good entry opportunity, targeting ₹2,900–₹3,000 initially and ₹3,200 as an extended target. To manage risk, a stop-loss should be set at ₹2,550, yielding a favorable risk-to-reward ratio of ~1:3.3.