ATUL IND target upside shown in figure. its comes at bottom & today breakout with big volume. all momentum indicator are strong i.e RSI/MACD,CCI,ICHUMUKU.
if anyone interested to buy this stock can may tomarrow & SL today candle low
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...
NSE: ATUL
If Breaks Then The Targets could be Taken at 8345
Time Frame :- 1 Hour
Patterns Name :- Descending Triangle
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Based on Your Own Risk this is only to Show you the Current Pattern
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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.
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The company recently posted the best Quarterly result and will very likely post similar results in Q3 too.
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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...
