Atul Auto Ltd - Long term trend reversal on the cardsAtul Auto Ltd - Long term trend reversal on the cards. Currently in accumulation phase,
ATULAUTO trade ideas
Atul auto foming a Flag and ready for TL BO#Atulauto is forming a flag after a good run. Also price when closes abv 298 will croff the longterm Trendline.
Can be added in small qty now and addon abv 300 closing for 30% upside. CMP 278
ATUL AUTO, Will it be one of the best stock in coming rally ?Hello Everyone!
You may or may not have heard of this company but one thing I am sure of is that, if you you are not superrich you must have used its product (Google it🙂). Well anyway we only consider technicals here, and on chart it is looking quite strong, let's analyze it.
1. 7 year trendline breakout with volume(refer chart).
2. Higher low and higher high formation. If we look in monthly chart it has made bottom at 120 during Mar'20 crash, after that it moves up slowly
to test its last high but failed in doing so and fall down. One thing we can notice here is that during this fall it doesn't break its bottom and
consolidated which was giving some initial hints of strength (i.e., institutional buy), it consolidated at that place for some time and last month
it has given breakout with a huge gap up forming higher lows and higher highs.
3. Stock is at the area where it got rejected in mar'20, and is holding this level from last 21days w/o any sign of weakness.
4. Volume of the stock is considerably high after mar'20 crash but price has not moved anywhere giving indication of accumulation.
5. W- pattern with strong 2nd leg(refer chart).
6. Last point is the high RR ratio. Since with current entry SL will be below the strong candle of 24thOct'22 which is 8% and we are expecting
price to move to 700.
If you have any point in addition or against above points, do mention in comments.
Thanks!
ATUL Auto analysisthis stock has given multiyear breakout and if sustain above 282, buy for TGT 324-355-385, support at 240-220.
Is the base formed?Chart -> Atul Auto Weekly
After a downtrend and making lower lows and lower highs, the last low was a higher low. Now, the previous high also broke with a volume spark. Is the base formed?
CMP: 280
Good range: 250 to 280
Target: 373
SL: 239 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
7 Years Multiyear Downward Trend Line Breakout at ATULAUTO7 Years #Multiyear Downward Trend Line #Breakout with huge Volume and Price at #ATULAUTO (Atul Auto Ltd) Weekly Chart. Its #Outperformed #Nifty.
BSE: 531795 \ NSE : ATULAUTO
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
ATULAUTO - Ichimoku Bullish Breakout Stock Name - Atul Auto Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 262
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
ATULAUTODecending triangle pattern formed in daily time frame. breakout done. if sustain above short term resistance it will give good rally. only for educational purpose.
Chart explains it all for ATUL AUTOGood support at trendline and risk reward is good at 1:2 where SL is just below the support zone . Even MACD is turning out to be positive
CHANNEL PATTERN (r/r-1:3)LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis.
ATUL AUTO It has taken a support as we can see it in the chart .
So we can take entry here at cmp with sl of 178
Or safe can wait until falling trendline isn't broken
Then we can see imidiate targets of 240
Atul Auto on the weekly trendline support!Atul Auto on the weekly trendline support! Can bounce or break be ready!
Disclaimer for learning purposese
Atulauto can hit 300+I will add atulauto on dips upto 205 to 210. SL below 190. Will hold for a target above 300.
CHANNEL PATTERN BREAKOUT Market Cap
₹ 541 Cr.
Current Price
₹ 246
High / Low
₹ 256 / 151
Stock P/E
Book Value
₹ 137
Dividend Yield
0.00 %
ROCE
-4.03 %
ROE
-2.69 %
Face Value
₹ 5.00
expecting a good trip with Autul Autoafter long consolidation seen some good volumes and trend line breakout...............................................................................................................
ATUL AUTO : GOOD LEVEL TO ACCUMULATE As the stock break out from accumulation Zone its time for stock to mark up
Fresh Buy@CMP
TGT - 290 & 350
SL - 215
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓 :
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
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Near breakout levels after 8 years As auto sector are on boom , a momentum is developing for multiyear breakout. Catch the levels and be ready to grab the trend
