The market has been consolidating for a while now and showing strength to the upside. Weekly is bullish and forming triangle. There is support at 400 levels. Bought three portions with stop at 420 and looking to target 460, 480 and hold the rest with trailing stop if the stock starts trending further.
Atul Auto Ltd._Long_Daily_Swing_19.11.2017_Can you swim against the tide
Quality - Average
Valuation - Fair
Financial Trend - Negative
Delivery Percentage - High
DII holdings have increased by 1.03% in Sep 17
Entry - 439.63
Target - Target 1:469
Stop Loss - 421.76
Given Break out from triangle..
Very good time to enter as R:R very good at this level..
Target1-518
Target2-560
stop loss -as per your risk appetite..
Scrip at Rs 466 has fully bottomed out and has given a volume and price breakout from the top resistance line for last 2 weeks.
With the 3 wheeler auto industry now improving, fundamentally this debt free company is poised to rise substantially.
Buy with a stoploss of Rs 447 ~ 433.
Atul Auto Limited is a manufacturer of three-wheeled commercial vehicles in the state of Gujarat. The Company is a three-wheeler manufacturer of auto rickshaws, pick-up vans and chassis of passenger vehicles. It offers a range of diesel and compressed natural gas (CNG) three-wheeler products in both front and rear engine platform for passenger and cargo transportation. Its brands include ATUL SHAKTI, which include Pickup Van Standard, Delivery Van Carrier and Pickup Van Highdeck; ATUL GEM, which include GEM Cargo / Cargo XL, GEM Paxx, Delivery Van, GEM Paxx-CNG and GEM XL HD; ATUL SMART, which include 3+1 Passenger Carriers and Pickup Van Highdeck, and ATUL GEMINI, Gemini-Dz, Gemini-Petrol, Gemini-CNG and Gemini-LPG. Its product portfolio consists of approximately 45 models catering to passenger and goods carrier segments. The Company serves a range of customer base in the cargo and passenger segments, with a payload capacity of over 0.35 tons and over 0.50 tons.
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ATULAUTO
