Atul Ltd (ATUL) analyze this chart of and determine a buying price: -
1. Support and Resistance Levels
- The blue line at around 6,269 INR appears to be a significant support level.
- The red line around 7,210 INR indicates a resistance level.
2. Moving Averages
- The Exponential Moving Average (EMA) is at 6,108.02 INR, which can provide insight into the average price trend over a certain period.
3. Recent Price Action
- The stock is currently at 6,479.50 INR and has shown an upward movement from the recent low, indicating a bullish trend.
Analysis
- The stock shows strong support around 6,269 INR, indicating that this could be a good entry point for buying.
- The recent price movement indicates a bullish trend, with the stock moving above the EMA, suggesting a positive momentum.
- Monitoring the volume during this upward movement is important. Increased volume on upward movements would confirm the bullish sentiment.
- The overall trend seems positive, suggesting that the stock might continue its upward movement towards the resistance level.
1. Support and Resistance Levels
- The blue line at around 6,269 INR appears to be a significant support level.
- The red line around 7,210 INR indicates a resistance level.
2. Moving Averages
- The Exponential Moving Average (EMA) is at 6,108.02 INR, which can provide insight into the average price trend over a certain period.
3. Recent Price Action
- The stock is currently at 6,479.50 INR and has shown an upward movement from the recent low, indicating a bullish trend.
Analysis
- The stock shows strong support around 6,269 INR, indicating that this could be a good entry point for buying.
- The recent price movement indicates a bullish trend, with the stock moving above the EMA, suggesting a positive momentum.
- Monitoring the volume during this upward movement is important. Increased volume on upward movements would confirm the bullish sentiment.
- The overall trend seems positive, suggesting that the stock might continue its upward movement towards the resistance level.