ATUL 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 indicating 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
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 indicating 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
Trade closed: stop reached
SL HIT
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.