Atul ltd has currently taken support at 4500 but seems it will break this and reach 4250 or 4000 before continuing the larger up-trend.
Would wait to see the consolidation play out before initiating any fresh buy positions.
Atul ltd is making 52 week high every year even in bearish market condition.momentum of stock is still upside with small risk ,
Sl Close below 3400
Target will be updated on monthly basis.
This is weekly chart of ATUL on NSE (INDIA) which looks an excellent investment idea based on following observation:
1. It is up trending scrip which is quite obvious by looking at chart. CMP is 3304.65)
2. Two trendlines have been drawn which have been tested many a times exhibiting multiple supports (shown by arrows)
3. Dividend has been paid in July 2018 (Rs...