ATUL Trading Near Fresh Weekly Demand ZoneATUL is currently trading at ₹7175.1, positioned within its weekly demand zone between ₹7180 and ₹6773.75, identified on 26th July 2024. This fresh zone has not been tested, indicating potential buying interest at these levels. Investors might watch for support within this range, which could lead to a possible rebound opportunity.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
ATUL
ATUL seems that it is going to see new high!!ATUL has shown strong bullish momentum, initially breaking above its resistance level. Despite a brief pullback, the stock has demonstrated resilience, suggesting that larger investors are accumulating shares. This positive price action indicates a high probability of ATUL reaching new all-time highs.
seeing next target at 8400 in coming 3 months
ATUL - Beautiful Setup! Expecting 40% upside minimumPrice analysis & overview:
1. Good volumes
2. Breaking out of the channel.
3. Great reversal price structure formation.
4. RRR is favourable.
Trade Plan:
- Entry: Best aggressive entry would have been near 6600 but new entry can be planned near 7000.
- Sl = 10%
- TP = 1:2, 1:3, 1:4
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Atul flag breakout-DO NOT MISSAtul is one of the major stock of chemical sector which has been correcting since past many months.
We have seen a reversal in chemical stocks and similar reversal pattern is visible in Atul as well.
A clear flag breakout in weekly TF is visible. Confirmation is above 7600
Stock can even touch ATH if the rally continues for an year.
Keep this in watchlist.
ATUL LTD BREAKOUT WITH VOULUMES Atul limited given a breakout on falling resistance and seems a big jump in volumes so it can be called a breakout on volume indicator, and breakout with volumes on falling trendline too. And it breaks the upper band of Bollinger indicator that's why i took only upper band of Bollinger bands indicator..
Cause of Long-:
1- Falling trendline resistance breakout.
2- Volume indicator breakout.
3- Bollinger bands breakout.
Atul can be a good buy NSE: ATUL
If Breaks Then The Targets could be Taken at 8345
Time Frame :- 1 Hour
Patterns Name :- Descending Triangle
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask me questions on this on any other idea
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Made By MAYANKTECHRESEARCHING
Target Achieved in Atul!🤩💸🔥🔥🔥18% in 10 days🔥🔥
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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