ATUL trade ideas
Uptrend Swing formationEnter at 2917.45 with an intial stop loss at 2725.35 on 02 Aug
Trail stop loss to 2860 on 08 Aug
Update TSL to 2990 on 16 Aug
AtulThe stock has broken out a rectangular pattern indicating that according to the pattern, a target of 20%+ can be witnessed in the stock in the coming months. Let's see what happens!
ATUL LTD - BUY - LONG BREAKOUT#Atul BSE:ATUL NSE:ATUL trading in #NSE and #BSE with a share price 2450 has breakout from previous resistance at 2438. On daily charts the channel has been breakout from previous resistance placed at 2438. On weekly charts it has been breakout from symmetrical triangle.
Volumes have been rising with price rise form 6 trading sessions
MACD oscillators have showing strength on the charts
The CMP is trading above 200 dma and 100 dma.
So one can Initiate Long position at CMP with a SL of 2296 for a Target of 2835.
