1. Chemical sector in focus from long now
2. ATUL has been proved a consistent compounder
3. The pullback has taken support near 21EMA
4. Very tight consolidation range
Note:- This pattern can go any side (up or down) but looking at the candle formation and 21EMA support I can take some risk and go LONG.
2. ATUL has been proved a consistent compounder
3. The pullback has taken support near 21EMA
4. Very tight consolidation range
Note:- This pattern can go any side (up or down) but looking at the candle formation and 21EMA support I can take some risk and go LONG.
Comment:
This has worked beautifully for me. One should trail the stops now to protect gains. This is a fundamentally strong company, a wealth creator so keep a stop on a weekly closing basis.