#ATGL Attempting a breakout on Daily timeframe#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.
Adanitotalgas
ADANI Total Gas Ltd looks ultra bullish!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 inefficiencies should be filled in long-run.
ADANI TOTAL GAS Positional Buy IdeaAs 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.