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

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