Atul Auto has been in a downtrend since the All Time High. Resistance & Support trendlines in the recent past has been respected well as marked. Today the stock BrokeOut of the angular trendline with a 17% spike and huge volume spurt. Currently the stock is encountering a key resistance.
Overall the stock is in a downtrend but a bullish divergence can be seen along with short-term EMAs in positive cross-over state. Till further positive price action, a bullish trend may not be foreseen.
If the stock moves in an uptrend then we might see the levels of 583 & in case of a downtrend we might see the levels of 420.
Keep monitoring!!
Overall the stock is in a downtrend but a bullish divergence can be seen along with short-term EMAs in positive cross-over state. Till further positive price action, a bullish trend may not be foreseen.
If the stock moves in an uptrend then we might see the levels of 583 & in case of a downtrend we might see the levels of 420.
Keep monitoring!!
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.