Hello and welcome to this analysis
In the higher time frame stock has reacted from its all time high zone, if 475-425 is not protected then the possibility of a double top in monthly time frame should not be ruled out.
Current resistance zone 575-625 above that resumption of strong uptrend probable.
Happy Investing
Hey Folks !
All the important levels are marked along with the description.
These levels are marked for expected Uptrend.
Strategy is simple.
Entry point is the value buying area .
Stoploss is the yellow line.
Targets are the upper green lines.
Club these levels with your analysis to have an edge.
Dear Folks! If you find these analysis useful then boost the Ideas.
Atul Auto has reached the 650-680 price range after a significant eight-year hiatus. A pullback at these levels is to be expected, but should be viewed as a healthy consolidation phase weeding out weak hands. The 650-680 zone represents a critical resistance level for the stock. A sustained break above this zone could pave the way for significant upward movement,...
ATULAUTO Bullish; above 660 on Friday 20 Oct.
The above information does not constitute financial/investment/trading advice or recommendation and it is purely for educational purpose.
SWING Trading Strategy:
One may enter into a position only upon stock closing above the entry price on day closing basis and hold on for 5/10 trading sessions for larger...
After a lengthy base with a few failed break outs, the stock seems attempting to push out. It has already achieved pocket pivot volumes suggesting buyers are present, now we need to see it give a strong confirmation towards closing.
ATUL AUTO - Forming a FLAG pattern and pullback to 10 EMA done.
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
With the management guiding for good growth ahead and Vijay Kedia talking well and increasing stake in the co it shows the confidence of the marquee investor.
Lon above 640 where it'd have a multi-year breakout and finally above 680 an all time high breakout.
The produce seems to be gaining traction coz the sales numbers are increasing.
Stoploss below 600.
📌Bullish Pennant Setup
✅Must add to your watchlist
ATULAUTO
+ Reliable continuation pattern
+ Trading around ATH
+ Dried up volume during halt
+ Trading above Key EMAs
Atula auto sales have increased in last couple of movements. in a bigger picture it is forming a Cup pattern.
It had a gap on March 3 which needs to filled and marked the demand zone which is crucial.
Only for educational purpose
#ATULAUTO trading above Resistance of 490
Next Resistance is at 660
Support is at 355
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
NSE:ATULAUTO
✅ #ATULAUTO trading above Resistance of 582
✅ Next Resistance is at 721
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
#ATULAUTO trading above Resistance of 419
Next Resistance is at 490
Support is at 347
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
Market Cap : 881 Cr
Atul Auto manufactures and sales Auto Rickshaws in domestic and overseas market. Atul's diesel engines are supplied by Greaves cotton whereas they makes their own engine for petrol and alternative fuel vehicles.
Capacity expansion
The company completed green field expansion taking the total capacity to 120,000 units on September 2021 at a...
![ATULAUTO: [Swing Trade] ATULAUTO - Keep an eye after 522](https://s3.tradingview.com/q/qFa7Kg9s_mid.png "[Swing Trade] ATULAUTO - Keep an eye after 522")
