technofunda_trader

Atul ready for the uptrend!πŸ€©πŸ’ΈπŸ”₯

Long
NSE:ATUL   ATUL LTD
Both TECHNICALLY and FUNDAMENTALLY strong stock.πŸ’ͺπŸ’ͺ
The company recently posted the best Quarterly result and will very likely post similar results in Q3 too.
.
The stock has been forming a Rounding Bottom for some weeks. Now, with the W pattern Reversal with Huge Volume , this bottom formation seems to come to an end & we can expect a strong rally from this level.
.
πŸ’Ž@technofunda_trader⁠
Few Important rules from my Trading Philosophy:⁠
1. Buy QUALITY of stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
⁠5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
.
LIKE, COMMENT & SHARE πŸ˜„πŸ˜„πŸ˜„
Comment: 1st Target Achieved (as we all know that target should be 1-2% below resistance)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.