Atul Auto has been in a downtrend since the All Time High. Resistance & Support trendlines in the recent past has been respected well as marked. Today the stock BrokeOut of the angular trendline with a 17% spike and huge volume spurt. Currently the stock is encountering a key resistance.
Overall the stock is in a downtrend but a bullish divergence can be seen along with short-term EMAs in positive cross-over state. Till further positive price action, a bullish trend may not be foreseen.
If the stock moves in an uptrend then we might see the levels of 583 & in case of a downtrend we might see the levels of 420.
Keep monitoring!!
Overall the stock is in a downtrend but a bullish divergence can be seen along with short-term EMAs in positive cross-over state. Till further positive price action, a bullish trend may not be foreseen.
If the stock moves in an uptrend then we might see the levels of 583 & in case of a downtrend we might see the levels of 420.
Keep monitoring!!
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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.