We have this Source Demand formed @ Rs. 6381.45 in Quarterly and we also have a Strong Supply formed @ Rs. 7750.00.
Price has to come into the Demand hence it needs to travel downward, after reaching the Source Demand "if the source demand has the power to reverse the Trend till opposite fresh Supply price will first show a buying momentum building in the...
company is working in life science and other chemicals. The stock has been on a downtrend and is in accumulation phase and can give breakout above 200Wema.
NSE:ATUL
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Price was in downtrend from September 2022, and started ranging since April 2023.
This range could be an accumulation phase, and today we got the breakout with a strong body candle and good volume.
Also, check the Bullish RSI divergence which gives more strength to the breakout.
My only concern is the 200 Daily Moving Average sitting just above the price.
I...
Atul Ltd is a chemical company based in India that produces a wide range of chemicals, dyes, and pigments for various industries such as agriculture, textiles, and plastics.
spot 6932 and about to reach 7777 in upcoming days
Atul Ltd. is an integrated chemical company serving about 4000 customers belonging to 30 industries across the world. The company product portfolio utility includes area of aromatics, crop protection, polymers, pharma ingredients and many more.
Atul CMP is 7014.15. Negative aspects of the company are high valuation (P.E. = 45.7), declining annual net profits,...
This script looks be crossing the zone of barrier, and so does it hinted me to look at it.
As disclosed in the chart drawing, although I am not giving immediate target as of now, still it's worth watching for study purposes for those who are interested in investing in study.
NSE:ATUL has been continue sustained above 6800. As per my analysis, it is the best level to take positional buy entry for big profit. Entry level is 6800 with stop loss of 6498 (-302 risk).
My expected upside target will be 6928 (+128) & 7500 (+700)
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
atul Price take Support on This level ... Strong support ,, In 1 hr candle there is a volume that cut its previous candle in 1hr . 15 % in just 40 days . our stop loss just below the 1 hr Strong candle ..
Hourly Chart Analysis of Atul Auto NSE. If it break above trendline and retest. it will go up and if it will break below support and retest then it will go to retes bottom channel
The chart is looking good and just the SUPPORT & RESISTANCE wait for the move in RIGHT direction and then take the position.
STOP LOSS would be (>8153).
