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WavesandZones

Atul Ltd. Buy trade with good Reward.

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ATUL LTD (NSE:ATUL)  
WavesandZones  
NSE:ATUL   ATUL LTD
Trend Analysis Supply and Demand Wave Analysis ATUL atulltd atullong atullimited nsestocks nseindia nse
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trendanalysis supplyanddemand waveanalysis atul atulltd atullong atullimited nsestocks nseindia nse
snapshot


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 lower timeframes first which will eventually be seen in the Higher timeframes as Monthly", hence lets go further down to understand the patterns in the lower timeframes like Daily.


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Here in The Daily chart we see that the Price has just formed a Fresh Demand and Target is the opposite Supply @ 7500 hence an amazing reward to Risk ratio.

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Enjoy the Ride ! ! !
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