Deepak Nitrite is showing signs of reversal, with analyst Deepak Pal flagging a potential double bottom. Despite bearish MACD and Parabolic SAR, the stock rebounded from ₹1,865 and is now near ₹1,985. As long as it holds above ₹1,850, a buy-on-dip strategy is suggested. Fundamentals remain strong, with low debt, solid ROCE, and ₹3,500 crore capex underway.