ATUL - Technical Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to Technical List📊 Technical Analysis Summary for ATUL Ltd.
Technical Rating: 2.3
ATUL Ltd. is currently exhibiting signs of bearish momentum with weak short-term indicators and declining volume. Here's a breakdown of the key technical elements
📉 Trend Status
Overall Trend: Reversing from previous highs; currently in a downtrend
Price Action: Trading below both 50 DMA (₹7,033) and 200 DMA (₹6,800), confirming bearish sentiment
Chart Patterns: Multiple bearish candlestick formations like Three Black Crows and Bearish Engulfing suggest continuation of weakness
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📈 Momentum Indicators
RSI (35.4): Near oversold territory, but not yet signaling reversal; bearish bias
MACD (-158): Deeply negative, indicating strong downward momentum
Volume: Current volume (22,632) is below 1-week average (32,479), showing lack of buying interest
📊 Moving Averages
Indicator Value Signal
50 DMA ₹7,033 Price below – bearish
200 DMA ₹6,800 Price below – bearish
EMA (short-term) ~₹7,665 Price below all EMAs – strong sell
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📉 Bollinger Bands
Price is near the lower band, suggesting oversold conditions but not a confirmed bounce
Band width is expanding, indicating increased volatility
🔍 Support & Resistance Zones
Level Price (₹)
Support 1 6,667
Support 2 6,136
Resistance 1 7,318
Resistance 2 7,509
Resistance 3 7,584
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🎯 Entry & Exit Zones
Optimal Entry: ₹6,600–₹6,700 (near support, watch for RSI reversal)
Exit Zone: ₹7,300–₹7,500 (approaching resistance levels)
🧭 Conclusion
ATUL is reversing from its previous highs and currently in a bearish phase. Momentum indicators and moving averages suggest caution. Traders may consider short-term entry near support with tight stop-losses and target exits near resistance. Long-term investors should wait for trend confirmation and volume recovery.
Would you like a visual chart breakdown or comparison with industry peers?
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www.moneycontrol.com
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