Technical Analysis Atul Limited

The stock

is 2018 to early 2022 the stock was in a powerful uptrend characterized by higher highs and higher lows. It peaked near the ₹11000 level. This was the growth phase where the stock more than tripled in value. Since its peak in 2022 the stock has been in a downward-sloping channel or a broad Stage 4 decline. It has faced consistent selling pressure finding it difficult to sustain levels above ₹8000. Recently support there is a strong horizontal support zone around the ₹5100–₹5500 range. You can see the price bounced sharply from this area in late 2024/early 2025. Immediate resistance the stock is currently facing resistance near ₹7500–₹8000. Until it breaks and stays above this level it remains in a sell on rise zone. Current price at approximately ₹6674 the stock is trading in the middle of a wide range showing signs of sideways movement consolidation. Volatility the chart shows high volatility with long wicks on the candles suggesting uncertainty between buyers and sellers. Consolidation the stock has been forming a base for over a year. While it is no longer crashing it lacks the momentum needed for a fresh rally. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.