According to price action, ATGL going to achieve new target very soon. Just hold for few days, especially wait for new supreme court hearing. If u wanna achieve big returns then wait for 2024 elections
Symmetrical triangle breakout on chart
Price above Moving averages
MACD & RSI BULLISH
Good risk reward for long position
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
TARGET - Technical Play - Target in chart
SL - 882
VALUATIONS ARE EXPENSIVE - PURELY TECHNICAL
Market Cap
₹ 1,19,560 Cr.
Current Price
₹ 1,087
High / Low
₹ 1,260 / 522
Stock P/E
200
Book Value
₹ 29.4
Dividend Yield
0.02 %
ROCE
20.7 %
ROE
20.4 %
Face Value
₹ 1.00
Price to book value
37.0
Intrinsic Value
₹ 143
PEG Ratio
7.13
Price to...
seems like stock is about to break its trande line. one can keep it in there watch list. company earning is good and rating too. its not any buy/sell recommendations.
Very Good setup seen in chart.
Consolidation done .
Good for Short term and Long term.
Target 1500, 2900.
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Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
NSE:ATGL (1D)
CMP : 1029.40
This view is only for short term based on Technical Analysis. Long Term Investors can study company by themselves and Specially consider PE Ratio as it is very High compared to Industry Benchmark.
• Stock has formed Symmetrical Triangle on Daily Chart.
• Stock price is contracted and moving in a narrow Range.
• Stock price is above...
consolidation started in December end, now it is going to jump higher we might see ATGL will hit higher circuit in coming week.
This is not an investment advice. I am just sharing my view.
#ATGL
Attempting a breakout on Daily timeframe. If it does breakout, we can see another good rally in stock!
Also, if we use Fib tool, we can clearly see that the stock has been consolidating above 0.382% level and has been forming a nice base there since many days now.
Breakout looks imminent imo.
A further up move is expected in ATGL and we can see the targets of 1870 in next month which around 80% return as of today's LTP. It's perfect setup having a Risk to Reward of around 1:10.
And also taking support from its 200 exponential moving average.
But please consider the risk first before buying the stock.
ATGL looks ultra bullish and can be a multi-bagger in the long-run.
After a pro-longed downfall, stock has shown some strength in past few days based on technicals + fundamental indicators.
In the chart as well, from technical point of view, there are too many inefficiencies left behind while stock was taking a hit and price was falling. In my opinion, all those...
entry for long trade in atgl is open. its a combination of dubble bottom and channel. where we can see a breakout from the channel. and it has took the support from previous low. i have entered at 546 lets see what happen tomorrow. possibly it will touch 572 in next 3 to 4 trading days.
As per my analysis NSE:ATGL is now going ready to make some pullback. Best level to take positional buy entry would be 610 with stop loss of 587 (-23 points risk). I am expecting upside targets of 633 (+23), 657(+47), 691(+81). This could be low risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior.
Thanks.
ATGL mean reversion strategy
The candle on may 31 had huge volume, but price didn't break the previous low. This shows seller exhaustion. Also the delivery taken on that day was worth approx. 22 lakh or 66 % of traded value.
The price is at 20 day mean reversion standard deviation zone
Bought first tranche at 672 , bought in big quantity bcoz exception a big...
I have illustrated 3 scenarios where buying can be initiated. You can start now or you can wait for it reach/cross certain levels for confirmation....I am personally invested in this stock and will continue to add as it goes lower......Only invest 5-10% of your capital in any one stock....all the best
