Atul Ltd
Atul ltd has 2 major multiyear level of resistance and both are broken by gap.
Previous move has very good momentum.
Gap is sustaining and above the previous resistance levels.
Now it is also making RRR setup - Retest Reverse Rise.
Entry - Above retest swing high (near today's high)
Stoploss - Gap can be the stoploss
Atul Ltd. is a diversified and integrated Indian chemical company (a part of Lalbhai Group, Gujarat). The products of the company are used in various Industries and come mainly under two segments, Life Science Chemicals and Performance and Other Chemicals under 9 Businesses.
Since its incorporation, the company has manufactured many products for the first time in India Dyes including Vat Dyes, crop care chemicals, Phosgene, Carbamite, 2,4-D Acid, para Cresol, tissue culture raised date palms.
History: The company is a part of Lalbhai Group, one of the oldest business houses in India and the first company in India inaugurated by the first Prime Minister. It was originally promoted by Padma Bhushan late Kasturbhai Lalbhai in 1947 as Atul Products Ltd and was later renamed Atul Ltd in 1996. It has followed the B2B model since inception, it has now also ventured into B2C products.
Previous move has very good momentum.
Gap is sustaining and above the previous resistance levels.
Now it is also making RRR setup - Retest Reverse Rise.
Entry - Above retest swing high (near today's high)
Stoploss - Gap can be the stoploss
Atul Ltd. is a diversified and integrated Indian chemical company (a part of Lalbhai Group, Gujarat). The products of the company are used in various Industries and come mainly under two segments, Life Science Chemicals and Performance and Other Chemicals under 9 Businesses.
Since its incorporation, the company has manufactured many products for the first time in India Dyes including Vat Dyes, crop care chemicals, Phosgene, Carbamite, 2,4-D Acid, para Cresol, tissue culture raised date palms.
History: The company is a part of Lalbhai Group, one of the oldest business houses in India and the first company in India inaugurated by the first Prime Minister. It was originally promoted by Padma Bhushan late Kasturbhai Lalbhai in 1947 as Atul Products Ltd and was later renamed Atul Ltd in 1996. It has followed the B2B model since inception, it has now also ventured into B2C products.
Stock Engineers
Trader/Investor/Engineer/Moderator
✅Free Live updates - t.me/Stock_Engineers
✅Tweet at twitter.com/StockEngineers_
✅YouTube Channel - youtube.com/c/StockEngineers?sub_conf
Trader/Investor/Engineer/Moderator
✅Free Live updates - t.me/Stock_Engineers
✅Tweet at twitter.com/StockEngineers_
✅YouTube Channel - youtube.com/c/StockEngineers?sub_conf
Related publications
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.