Atul Limited
做多

A strong move on the way

138
Atul Ltd Technical Analysis (CMP: 6392)

Elliott Wave Analysis: The stock appears to be initiating its 3rd wave, which typically signifies a strong and rapid price movement.

Fibonacci Analysis: To manage risk, stops should be placed below the Fibonacci confluence zones.

Moving Averages: The convergence of all MAs indicates the stock is poised for a directional move.

RSI Analysis: The RSI is at previous bull zone support, and the MA on RSI is converging, further suggesting an imminent directional move.

Conclusion: With these indicators aligning, I anticipate a strong move in Atul Ltd, targeting 9000 as the first milestone.

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