while publishing this idea with a current price of 585 we can see a continuous up n down movement within a range of 533 at lower side and 635 at upper side, it will be a pre attempt if one will invest at current price and average till lower range of 545 to 540 and remain invested with Stop Loss of 532 for a Lucrative Target for 635, 690 and so on..!!
Atul Auto...
Simple price action, good volumes seen ,
Keep risk managed and rest is Reward.
All the best.
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ATUL Auto on the daily is forming a symmetrical triangle pattern.
My view is that if we were to break upsdie, immediate target would be 635 and second target would be 675.
One can go long with a Stop Loss below 590 on the DCB.
Strong breakout of resistance area
Now price resting on resistance level
Other stocks in this sector are also performing well
Took 40% position
Will add more as it unfolds
This is a short term - Medium term bet
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 4% profit (In my observation, I found that most of the stocks reached 3% to 4% on weekly basis)
Please consider these ideas for educational purposes.
With price above both 50 and 200 SMA, positive trend is clearly visible and high volume showing the conviction at the same level of price for next move up. Price is at just the support level at the trade entry price.
Disclaimer:
My ideas are not for recommendation purpose. I am just sharing my idea to share with community.
has been showing some positive signs recently, with increasing buying volume and bullish chart patterns forming. SUPPORT LEVEL could be a confirmation of the stock's bullish momentum and a signal for further upside potential. Traders and investors who have been watching this stock closely may want to consider taking action based on this SUPPORT. #StockAnalysis...
Atul Auto has created a niche market for themselves over 30years. Atul has emerged as the only player with complete range of 3wheeler products across the fuel range – Diesel, Petrol, CNG, LPG and now venturing into Electric. Company turnover has grown by three folds. CMP – 282.15. Negatives of the company is decreasing net cash flow. Positives of the company are...
Extremely clean setup, Breaking the rectangular pattern. Atul Auto went highly bullish , 55% up after braking the consolidation range.
This one I hold in my portfolio. Only regret I have is why didnt I add more.
Gap is perfect, Weekly resistance level broke with good volume , Breakout came with good volume . Sustaining the breakout with volume , Broke 200 DMA...
#Stock : #ATUL AUTO LTD
#Chart Time Frame: #Daily
#Structure : #Breakout on #Daily basis of #Pole and #Flag with Decent #Volumes
On #Daily Time Frame the Stock has given a Good #Breakout with decent #Volumes of #Pole & Flag Pattern which is a #Bullish Pattern
So stock looks good for long as per the levels mentioned below:
#CMP - 309.05 or BoD 290.00
#Target 1 -...
