Tuesday, August 2, 2016

Atul Auto - Triangle support is near

Atul auto is forming a triangle of which (if valid) a-b-c-d are done and the final leg 'e' is in progress. This is almost near the support line. The invalidation of this will be breaking the 'c' low near 420 range. So this will be a low risk entry point with stop loss near 418.

Atul auto daily chart:

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