1. Very strong chart 2. Continuation pattern 3. Completed ABC correction ( WAVE ) 4. BBB 5.Do your won study
ATUL #Closing 5600 #TradingDesk#3BarDecider
Keep in watchlist for swing or positional trade for 2-3 month,
Atul is bullish for long term for a target of 5000, 5400, 5700+. Views are for educational pupose only.
Technical Trade - Atul has been consolidating above 50DMA. Price is around the 61.8 retracement level. Down days are on extremely low volume and up days are on higher volume. Price is contracting. I will be buying above 4745. This stock has great fundamentals.
Atul ltd looks strong bearish due to price and RSI making a negative divergence. Another reason is supply and demand. Both technical and fundamental reason is too weak to support this.
LEVELS MENTION ON CHARTS. DARKCLOUD COVER ON DAILY CHARTS