Atul Ltd Is showing readiness for a move
Updated
ATUL seems ready to move upwards. On the daily chart, it recently crossed the 100-day Exponential Moving Average (EMA), and the Relative Strength Index (RSI) has crossed the 60 mark. Looking at the weekly chart, there's a long-term trendline resistance around 6356. If the stock breaks this level, the next targets could be first at 6372 (Virgin Point of Control, or VPOC), then potentially up to 6881.15 (VPOC), and finally aiming for 7552.95, which is its highest point in the last 52 weeks. The weekly TPO (Time Price Opportunity) charts indicate the price has been trading higher over the past three weeks with no immediate resistance. I am anticipate stock to reach it high in next 15 to 20 trading session.
Not a SEBI certified analyst and this is not a trade advise, neither do I have position in this stock at this writing.
Not a SEBI certified analyst and this is not a trade advise, neither do I have position in this stock at this writing.
Comment
Long term trendline has been crossed, good trade on.Comment
Target 1 6372 Done, Target 2 6881 Done,
before 7552, 7289 could act as a small resistance, most likely a fresh high will be made in the budget week.
Not trade advise only my observation.
Comment
ATUL, all target acheived, crossed 7583. No more updates on this idea.
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