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...
If Breaks Then The Targets could be Taken at 8345
Time Frame :- 1 Hour
Patterns Name :- Descending Triangle
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🔥🔥18% in 10 days🔥🔥
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.
Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company recently posted the best Quarterly result and will very likely post similar results in Q3 too.
The stock has been forming a Rounding Bottom for some weeks. Now, with the W pattern Reversal with Huge Volume, this bottom formation seems to come to an end & we can expect a strong rally from this...
1. Could sense a change in the sentiment with this stock
2. Long Term Down trend has been broken.
3. Companies financials look stronger.
4. Good momentum in evident.
5. Price to Book is 1.45
A good strategy to gain out of this stock would be long term investing.
1. Buy the dips.
2. Wait for 3 - 5 years.
Happy Investing :)
TECHNICAL ANALYSIS OF NSE:ATUL
The LAST CLOSE PRICE of NSE:ATUL is 8790.4 . The PARABOLIC SAR is showing the SELL SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.236 at the FIBONACCI STOCK PRICE LEVEL of 8790.4. From here, the Key Support and Resistance levels are SUPPORT 1 at 8982.75,...
Daily Chart Pattern ..
Breakout Ready Breakout All time High
May be Give Good Up move gain
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