atulauto chart analysis for intraday and swing trading
It is just a view based on demand/supply, pls trade at your own risk
As auto sector are on boom , a momentum is developing for multiyear breakout. Catch the levels and be ready to grab the trend
Along with other Auto Company stocks Atul Auto has also given out a breakout add it in your watchlist or trade accordingly with the levels . Sl would be swing low
Reasons for buying: -RSI above 60 -MACD crossover -Huge Buying Volumes in the past 5 trading sessions
BUY ATULAUTO 202-207 TARGET 300/400 STOPLOSS 155 EDUCATIONAL PURPOSE ONLY
All scripts posted here are only for study purpose do your analysis before taking any positions
Good to add near cmp to till 204 SL below weekly supertrend 162 Target 2x
1. Could sense a change in the sentiment with this stock 2. Long Term Down trend has been broken. 3. Companies financials look stronger. 4. Good momentum in evident. 5. Price to Book is 1.45 A good strategy to gain out of this stock would be long term investing. 1. Buy the dips. 2. Wait for 3 - 5 years. Happy Investing :)
The Stock was in downtrend since many years, now it is showing signs of accumulation. Uptrend might start soon.
This has been laggard from quite sometime. All the negative news is discounted so lower side is limited. May take a speculative position for 2 quarter
look goods in charts due to forming higher lows and higher tops and if it crosess 205 it may reach upto 250 and 300 very easyily stop loss will be 168
Atul Auto consolidating in a box since last year's fall and has not moved at all. Looking at volumes there are chances of this moving to 300-400 levels. This is a risky trade so please act accordingly and keep positions small.
Chart Looks good abv 205 , Sl 174 Tgt 249 & abv Cup & Handle with Triangle Bo Abv Chart is For Study Purpose only