Atul Auto has reached the 650-680 price range after a significant eight-year hiatus. A pullback at these levels is to be expected, but should be viewed as a healthy consolidation phase weeding out weak hands. The 650-680 zone represents a critical resistance level for the stock. A sustained break above this zone could pave the way for significant upward movement, with targets of 725 and even 1000 becoming achievable.
Investors are advised to monitor the stock closely for potential breakout opportunities.
Not a buyingh selling recomendation, as I am not a SEBi registered advisor. The chart is posted for education purpose only. Please consult your financial advisor before taking any buy sell position in this stock.
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