ATAM VALVES: BASE FORMATION FOR A BREAKOUTNSE:ATAM
Atam Valves Ltd. manufactures and supplies valves, fittings, steam traps, and strainers. Its products include flow indicators, auto injectors, industrial valve, globe valve, relief valve, horizontal check valve, and allied products. The company was founded by Vimal Parkash Jain in 1982 and is headquartered in Jalandhar, India.
Timeframe: Day chart🧐
🔹Swing:- Range forming after a bear leg.
🔹Structure:- Horizontal Resistance breakout, broken the trendline but next resistance break will create a strong momentum move
🟢ENTRY:230+
♦️RISK:- 190-day closing basis
🎯TARGETS:- 260,291+
Detailed analysis on chart Study it and mark levels on your chart
ATAM
Atam is testing ResistanceHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Forming Symmetrical triangle Pattern in daily TF.
* From May 2023 to May 2024 Tested Trendline Many times.
* It's Near resistance Zone and trying to breakout.
* If Stock break's resistance zone then we can see a move to 241 and if sustain above 241 then we can see a good move, let's see breakout sustain or not.
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