Atul Ltd. is a diversified chemical company. For long time the company has been on downtrend due to some reasons on the other. But currently I strongly feel this stock may take bounce around this level. If we get a reversal signal here then we should grab the opportunity to BUY, the reasons are :
i) The ADX is at whopping 60
ii) The RSI is forming continuous exaggerated divergence
iii) A Wolfe wave has been formed
But till now the reversal signal has yet not been confirmed. Once the confirmation comes then I will update the target and SL and the entry price.
Chart & Analysis
Adarsh Dey
i) The ADX is at whopping 60
ii) The RSI is forming continuous exaggerated divergence
iii) A Wolfe wave has been formed
But till now the reversal signal has yet not been confirmed. Once the confirmation comes then I will update the target and SL and the entry price.
Chart & Analysis
Adarsh Dey
Comment:
A Closing Above 5930 on EOD basis will confirm the reversal. I will update the Target and SL once the reversal is confirmed.
Trade active:
Its a Buy on Dips Now. SL remains to be trend low and target is 6425-6511
Trade active:
A good Blast and its Near to the target
