Atul Ltd - Fibonacci Retracement - looking big for 40%-70% rise
Atul Ltd. can show us a target of 8900 -11000. using the concept of fibonacci retrace-ment, it has taken support from 61% on weekly time frame. Keep a watch for a 40%-70% rise. Other factors:
1. We have a weekly downward trendline. Let the stock breaks that treadline which should be ~6500 price.
2. Volumes have again started picking up
3. RSI was on oversold category and now bouncing back
4. MACD is sl0wly getting back to positive
5. Support at a higher time frame is solid
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!!
1. We have a weekly downward trendline. Let the stock breaks that treadline which should be ~6500 price.
2. Volumes have again started picking up
3. RSI was on oversold category and now bouncing back
4. MACD is sl0wly getting back to positive
5. Support at a higher time frame is solid
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!!
Trade active
From 6200 to 6750...almost 8-9%...Mocing towards our target. Cheers!!!Trade active
From 6200 to 7516...21% return..more coming!! Cheers!!Note
From 6200 to 8100..30% return..more coming!! Cheers!!
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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.