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.
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,...
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 CMP 10338.65 looks like completing the U formation. Crossing 10971 Target for now will be a fresh Breakout. Look at the perfect U it is forming.
Atul was initially given at 7000 for the target of 9K+. Further at 9K it was given for the target of 10K+ which were done and dusted. Again Atul is looking good for Fresh Entry / Averaging / Compounding at CMP 8962. It has made a sort of double bottom and is looking good for the targets of : 9968 and 10971. Stop Loss: 7500 for trading. Otherwise it is a long...