ATUL
CMP 6850
A chemical stock at last.
Seems that correction is over.
We’re trying to bottom-fish here…hence position sizig would be staggered as we want more conformations to add it in a signficant manner.
4 Reasons :
a) Likely to close above 20 weeks average
b) Likely to close above 20 DMA and 40 DMA
b) RSI Divergence
c) Huge volumes
Will share the long term targets as soon as we get more confirmations.
Weekly Chart
Disclaimer : This post is just for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability-study methods and chances of success/failure depend upon various factors
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