Atul is one of the major stock of chemical sector which has been correcting since past many months.
We have seen a reversal in chemical stocks and similar reversal pattern is visible in Atul as well.
A clear flag breakout in weekly TF is visible. Confirmation is above 7600
Stock can even touch ATH if the rally continues for an year.
Keep this in watchlist.
We have seen a reversal in chemical stocks and similar reversal pattern is visible in Atul as well.
A clear flag breakout in weekly TF is visible. Confirmation is above 7600
Stock can even touch ATH if the rally continues for an year.
Keep this in watchlist.
Trade active
Comment:
Disappointing end to an amazing breakout:( Chemical sector has underperformed even after a breakout. Can be in watchlist for reentry in future. 6000-6200 is a strong demand zone
Trade closed: stop reached