Chart Check: After 12% rally in a month, two factors make this stock an attractive buy

Specialty chemical company Deepak Nitrite’s stock price rose by 12% in one month, reaching over Rs 2,200. Experts predict that the rally may not be over yet, and short-term traders can buy the stock for a target above Rs 2,500 in the next one to two months. Additionally, the short-term moving average crossed the long-term moving average, and a breakout descending triangle pattern on the weekly charts suggests the possible reversal of the trend. The RSI also exhibited a breakout on a weekly timeframe, highlighting positive momentum.