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ATUL LTD

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ATUL trade ideas

ATUL NSE 3Y BreakoutATUL LTD. in the chemicals business was in a bearish Trend for 2Y8M and broke out of the bear phase in July this year. ATUL has broken above the 52W high if 7225 in 1st week of July Looking at the Monthly time Frame (MTF) chart it consolidating for 2months now after its breakout run after the bearish phase... EMA 50 is above 200EMA and 20EMA above 50EMA confirming the Bullish trend Price has pulled back from the 23.6% 7433 of the last Impulse move i ndicating a bullish continuation Entry Stop Loss and Targets marked on charts, Trade using Weekly Time Frame for Entry and Add Quantity. wait for Breakout and reset of current consolidation
NSE:ATULLong
by billpramod
ATUL S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
NSE:ATUL
by zenthosh
Atul looking attractiveAtul Ltd. engages in the manufacture and marketing of chemical products. It operates through the following segments: Life Science Chemicals, Performance and Other Chemicals, and Others. The Life Science Chemicals segment consists of active pharmaceutical ingredients (API), API intermediates, fungicides, and herbicides. The Performance and Other Chemicals segment includes adhesion promoters, bulk chemicals, epoxy resins and hardeners, intermediates, perfumery, and textile dyes. The Others segment offers agribiotech, food products, and services. Atul Ltd. CMP is 7665.70. The positive aspects of the company are Company with Low Debt, Stocks Outperforming their Industry Price Change in the Quarter, Increasing Revenue every quarter for the past 2 quarters and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are High Valuation (P.E. = 68.1), High promoter stock pledges, MFs decreased their shareholding last quarter, PE higher than Industry PE and Inefficient use of shareholder funds. Entry can be taken after closing above 7699 Targets in the stock will be 7886 and 8031. The long-term target in the stock will be 8190 and 8515. Stop loss in the stock should be maintained at Closing below 7455 or 6965 depending upon your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:ATULLong
by Happy_Candles_Investment
SWING IDEA - ATUL LTDAtul Ltd , a prominent Indian chemical manufacturing company, is exhibiting technical patterns that suggest a potential swing trading opportunity. Reasons are listed below : Strong Support Zone : The 5750-6000 range has proven to be a robust support zone, with prices bouncing off this level, indicating buying interest and a potential reversal. Double Bottom Pattern on Weekly Timeframe : This pattern, characterized by two distinct troughs at similar levels, is a bullish reversal signal. It suggests that the downtrend may be over, and a new upward trend could be starting. Reversal from Golden Fibonacci Zone : The price reversed from the 0.618 Fibonacci retracement level, often referred to as the "golden zone." This adds weight to the potential for an upward move. Bullish Engulfing Candle on Weekly Timeframe : The recent weekly candle engulfed the previous 8 weekly candles, indicating a significant shift toward bullish sentiment and suggesting a potential strong rebound. Increase in Volumes : A noticeable spike in trading volume often confirms the strength of a price move, indicating greater participation and confidence in the direction of the trend. Target - 7200 // 7550 Stoploss - weekly close below 5600 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:ATULLong
by Visionary_Growth_Insights
Atul LTDStock resumed its uptrend from 07-Jun-2024. Atul Limited is one of the largest integrated chemical companies in India which deals into Aromatics, Bulk Chemicals, Crop Protection Chemicals, Pharma API's and Polymers etc.. it has given multi-bagger returns after the COVID fall. currently trading at 6756 with is 38% down from its life time high of 10900 levels. This is not a stock for short term or swing trading.. if some one is looking for long term returns then it can be entered in the zone 5525 - 5590 and stop-loss to be maintained at 5177 Long term Target is 10900 for risk takers & Short term traders Entry Levels - 6756 (Current Market Price) Targets - 7141, 7673, 8027 Stop Loss - 6400 This idea is only for education purpose and not for real time trading. kindly consult your financial adviser before investing and take right decision depending on your risk profile
NSE:ATULLong
by haresh2408
atulit is one of the largest integrated chemical companies of India and are a diversified Indian company (a part of Lalbhai Group, one of the oldest business houses of India with a legacy of conducting business with a larger purpose) meeting the needs of varied industries such as Adhesive, Agriculture, Animal Feed, Automobile, Composite, Construction, Cosmetic, Defence, Electrical and Electronics, Flavour, Food, Footwear, Fragrance, Glass, Home Care, Horticulture, Hospitality, Paint and Coatings, Paper, Personal Care, Plastic, Rubber, Soap and Detergent, Sport and Leisure, Textile, Tyre and Wind Energy across the world. The company manages complex chemical processes in a responsible way. In order to enhance focus, the company has placed the products belonging to the 2 reporting Segments, namely Life Science Chemicals and Performance and Other Chemicals, under 7 Sub-segments (interchangeably called Businesses), namely Aromatics, Bulk Chemicals and Intermediates, Colors, Crop Protection, Floras, Pharmaceuticals and Polymers - these in turn are managed through a matrix organisation structure for achieving all-round functional excellence. Business area of the company Atul is one of the largest integrated chemical companies of India. The company has one of the biggest integrated chemical complexes in India with a well-diversified product portfolio of around products and formulations. It has manufacturing facilities located at Ankleshwar and Valsad in Gujarat & Tarapur in Maharashtra.
NSE:ATULLong
by Tradernawab
Atul Ltd. Buy trade with good Reward. 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 lower timeframes first which will eventually be seen in the Higher timeframes as Monthly", hence lets go further down to understand the patterns in the lower timeframes like Daily. Here in The Daily chart we see that the Price has just formed a Fresh Demand and Target is the opposite Supply @ 7500 hence an amazing reward to Risk ratio. Enjoy the Ride ! ! !
NSE:ATULLong
by WavesandZones
ATUL LTD BULLISH BREAKOUTPrice 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 expect a small rejection from there. Once price closes above 200DMA, then we can expect beginning of a new uptrend. This could be a midterm investment . Keep a close eye on this stock.
NSE:ATULLong
by rohitkukreja