Atul Ltd. can show us a target of 8900 -11000. using the concept of fibonacci retrace-ment, it has taken support from 61% on weekly time frame. Keep a watch for a 40%-70% rise. Other factors:
1. We have a weekly downward trendline. Let the stock breaks that treadline which should be ~6500 price.
2. Volumes have again started picking up
3. RSI was on oversold...
ATUL
First of time , my technical knowledge that good support on chart price and technical analysis the stock will definitely reach the given targets in few days and hope that our expectations will be fulfilled.
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c) Public 20 %
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Atul is one of the major stock of chemical sector which has been correcting since past many months.
We have seen a reversal in chemical stocks and similar reversal pattern is visible in Atul as well.
A clear flag breakout in weekly TF is visible. Confirmation is above 7600
Stock can even touch ATH if the rally continues for an year.
Keep this in watchlist.
Many people think , that we as analyst always make millions of dollars , the
reality is we are too sometime wrong , being human we tend to ignore other factors in the Market and tend to use only Technical based decisions which are sometime Expansive also
I am attaching my personal experience although its not bad because we made trailing exit in order to...
Stock in a downtrend but following a trendline so in this situation before starting the lower journey.. stock should retest the trendline and continue the downward journey
Entry 6800
SLT 6700
Target 7070
ATUL LTD
After 10 months Long consolidation Given
Weekly B/down
expecting it to reach below fresh weekly zone - Since Sep 2020.
Good for investment for 1-2 year time for 80-100%
tgt
Note: For Education Purpose Only
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadning Pattern
📌 Symbol/Asset: ATUL
🔍 Description: Stock is around the support and making broadning pattern.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a...
The stock looks to have formed a base on the weekly charts and is slowing moving upwards and has given a breakout above the levels 7500. One can go long on CMP for targets of 8350-8900-9700 on positional basis with a stop loss of 6900 on weekly closing basis below which it turns weak. The stock moves slow so its a positional call for 2-3 months
NOTE: NOT SEBI...
In the Weekly Chart of ATUL ,
we can see that; after trendline breakout, it has made a decision making candle on it.
Enter on breaking its high with low as SL.
Harmonic pattern analysis is a technical analysis method used in financial markets, particularly in trading and investing. It is based on the idea that price movements in financial instruments follow certain geometric patterns that repeat over time. These patterns are often referred to as "harmonic patterns" because they exhibit a harmonic or rhythmic...
🟢Atul seems to have ended correction & can start up move.
🟢VSA Star candle is formed with strong price volume action.
🟢On daily charts RSI crossed 60 with big Eiffel Tower candle
🟢Looks good for a long with SL = 6404. Target of 8900/9470.
🟢Will follow 1% max loss per trade with right position size.
