ATLAS CYCLES Daily NSE Stock Chart Technical Analysis:
Atlas Cycles witnessed a super single-day rise on Friday with humongous trading volume.
Open: 216 Intraday High: 256 Close & CMP: 249
Market Outlook:
- No.1 Question in people's mind is - Whether one should get into this stock because the price is zooming upwards?
- The answer to this question lies in how it behaves on Monday and Tuesday.
- If the stock closes above 256, then it might make sense to take a long position.
- So, wait until 256+ before buying
Technical Indicators:
- The trading volume saw a massive single day jump, so did the price.
- Inspite of this rise, the price has remained below resistance. In fact, it started falling the moment it hit the resistance, and closing price was below the long-term resistance line. This is showing that resistance is quite strong.
- So, I would wait for a day or two to see if the resistance at 256 is authoritatively breached. Until then, wait n watch.
ATLAS CYCLES Daily NSE Stock Chart Technical Analysis
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