SWING OPPORTUNITY IN ATUL AUTO"ATUL AUTO" is changing it's overall market structure on weekly timeframe and is getting ready to move upwards. The good thing about the stock is that price is consolidating within a range above the recent support level of 7590, which means buyers are accumulating the stock.
For entry, one must wait for range breakout above 8135, and the next target will be 8900, which is almost 10% from the entry level. Stop loss will be below any swing low during breakout, in Hourly timeframe. Entry and target has been calculated according to the current price action on the chart.
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ATULAUTO
AUTOMAKER ABOVE NECKLINE NOW.While all the auto stocks were moving, NSE:ATUL remained silent. Finally it is ready to move now. Trendline breakout strongly done, re-test complete and now heading for inverted H&S breakout. Once it breaks out, 7000+ levels will be there soon. One can expect some strong sales data as a trigger at the beginning of next month.
Atul Auto - Breakout Setup, Move is ON...#ATULAUTO trading above Resistance of 660
Next Resistance is at 1053
Support is at 490
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Atul Auto - Long Setup, Move is ON...#ATULAUTO trading above Resistance of 490
Next Resistance is at 660
Support is at 355
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ATULAUTO - Long Setup, Move is ON..NSE:ATULAUTO
✅ #ATULAUTO trading above Resistance of 582
✅ Next Resistance is at 721
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Atul Auto - Long Setup, Move is ON...#ATULAUTO trading above Resistance of 419
Next Resistance is at 490
Support is at 347
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Vijay Kedia increases stake in Atul Auto.Market Cap : 881 Cr
Atul Auto manufactures and sales Auto Rickshaws in domestic and overseas market. Atul's diesel engines are supplied by Greaves cotton whereas they makes their own engine for petrol and alternative fuel vehicles.
Capacity expansion
The company completed green field expansion taking the total capacity to 120,000 units on September 2021 at a cost of 150 cr. assembly line would be made operational in FY2022-23
Atul held 30% stake in Khusbu auto finance which was recently increased to 100%. The stake was valued at 64 Cr.
watch out for Atul Auto reversal anytimeElliot wave corrective mode to get over soon.
Chart is self explanatory, only Elliot wave analysis and no indicators used.
This chart is for educational purpose.
Traders who use Elliott wave theory often look for the completion of wave c as a potential entry point for a trade in the direction of the larger trend. However, it's important to note that Elliott wave theory is just one tool among many for analyzing markets, and traders should use other technical and fundamental analysis methods to confirm their trading decisions.
Atul Auto- Multi Year Resistance brokenManufatures of 3 wheeler and their engines, a zero promoter pledge stock with a turn around history. Stock is near 52 week high with significant volume strokes . Recovery 5 from 52 week low is also so good. Now broken multi year trnd line . A cup and handle formation baked in the chart. Can cross 400 levels soon and 450 is not so far . Multibagger scope in long run
ATULAUTO - Ichimoku Bullish Breakout Stock Name - Atul Auto Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 383
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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ATULAUTO - Ichimoku Bullish Breakout Stock Name - Atul Auto Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 314
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
ATUL AUTO, Will it be one of the best stock in coming rally ?Hello Everyone!
You may or may not have heard of this company but one thing I am sure of is that, if you you are not superrich you must have used its product (Google it🙂). Well anyway we only consider technicals here, and on chart it is looking quite strong, let's analyze it.
1. 7 year trendline breakout with volume(refer chart).
2. Higher low and higher high formation. If we look in monthly chart it has made bottom at 120 during Mar'20 crash, after that it moves up slowly
to test its last high but failed in doing so and fall down. One thing we can notice here is that during this fall it doesn't break its bottom and
consolidated which was giving some initial hints of strength (i.e., institutional buy), it consolidated at that place for some time and last month
it has given breakout with a huge gap up forming higher lows and higher highs.
3. Stock is at the area where it got rejected in mar'20, and is holding this level from last 21days w/o any sign of weakness.
4. Volume of the stock is considerably high after mar'20 crash but price has not moved anywhere giving indication of accumulation.
5. W- pattern with strong 2nd leg(refer chart).
6. Last point is the high RR ratio. Since with current entry SL will be below the strong candle of 24thOct'22 which is 8% and we are expecting
price to move to 700.
If you have any point in addition or against above points, do mention in comments.
Thanks!
Is the base formed?Chart -> Atul Auto Weekly
After a downtrend and making lower lows and lower highs, the last low was a higher low. Now, the previous high also broke with a volume spark. Is the base formed?
CMP: 280
Good range: 250 to 280
Target: 373
SL: 239 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
ATULAUTO - Ichimoku Bullish Breakout Stock Name - Atul Auto Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 262
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.