Atul Consolidation after Breakout Now Ready to BreakoutNSE:ATUL Consolidating after Previous Breakout Now Ready to Breakout again if closed above 8136. Consistently Rising Volumes in the Past Few Days. Keep in Radar.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Atulltd
Atul LtdAtul ltd has 2 major multiyear level of resistance and both are broken by gap.
Previous move has very good momentum.
Gap is sustaining and above the previous resistance levels.
Now it is also making RRR setup - Retest Reverse Rise.
Entry - Above retest swing high (near today's high)
Stoploss - Gap can be the stoploss
Atul Ltd. is a diversified and integrated Indian chemical company (a part of Lalbhai Group, Gujarat). The products of the company are used in various Industries and come mainly under two segments, Life Science Chemicals and Performance and Other Chemicals under 9 Businesses.
Since its incorporation, the company has manufactured many products for the first time in India Dyes including Vat Dyes, crop care chemicals, Phosgene, Carbamite, 2,4-D Acid, para Cresol, tissue culture raised date palms.
History: The company is a part of Lalbhai Group, one of the oldest business houses in India and the first company in India inaugurated by the first Prime Minister. It was originally promoted by Padma Bhushan late Kasturbhai Lalbhai in 1947 as Atul Products Ltd and was later renamed Atul Ltd in 1996. It has followed the B2B model since inception, it has now also ventured into B2C products.
Infosys and Atul Ltd. Showing High Rise In Future OIINFY
The stock price was strongly rejected near the 1,730 level and experienced a significant drop.
Later on, the stock found support near the 1,380 level and started to climb.
Once the price broke through its trendline resistance, it made a sharp upward movement and reached its previous resistance area.
Due to the rising volume, there is an expectation that the stock could break through the resistance and continue to move upward.
Additionally, the MACD indicator is showing strong momentum as it is trading above the zero level.
ATUL
The stock has been on a downward trajectory, consistently creating lower highs and lows.
A recent breakthrough of the parallel channel has been noticed, accompanied by a rise in trading volume.
Moreover, the RSI indicated a divergence amidst the downtrend, with the current RSI standing above 70, indicating strong buyer momentum.
There is a potential for the price to move upwards from its current position.
Atul Ltd Technical Company Hello Guys , Today I Have The Technical Chart of Atul Ltd it has breaked the Triple Top many day ago but now I think it has also completed its retest here and ready for go again on a fall and now lets talk about the targets . So its target 1 could be 6276 and target 2 could be 5812 . BTW It is Based on your Risk To trade on it or not and Don't Forget to Like the Idea and Follow The Channel for Regular Updates and Regular Ideas and also Now i am again Going To Make Regular ideas Bye-Bye .
Time Frame :- 1 Day
Patterns Name :- Triple Top
Stock Name :- Atul Ltd
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .