Elliot 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...
Manufatures 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
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...
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...
#Atulauto is forming a flag after a good run. Also price when closes abv 298 will croff the longterm Trendline.
Can be added in small qty now and addon abv 300 closing for 30% upside. CMP 278
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...
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...
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...
Decending triangle pattern formed in daily time frame. breakout done. if sustain above short term resistance it will give good rally. only for educational purpose.
18/4 educational purpose only
atul
sell on rise around 9950 (50ma/hourly is at 9968.55)
sl above 10255
target around 9350
*bearish lower high and lower low pattern made on the hourly chart
LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis.
