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NSE ATUL – Double Three Correction Pattern

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Free nse atul chart calls

Free nse atul chart calls

Timeframe: Daily
NSE ATUL has formed a double three pattern on the daily timeframe. Wave (W) formed a flat, wave (X) formed a zigzag, and wave (Y) created a choppy A-B-C correction. The Average True Range (ATR) has risen to 211, while the Average Directional Index (ADX) has increased to 31.

NSE ATUL completed wave (c) of wave E of wave (Y) at 5174.8 and has since started rising. The current price has also broken out above the B-D line of the wave (c) triangle, signaling that the price has entered an impulsive cycle. Traders can buy NSE ATUL with the following targets: 8256 – 9812 – 10400+.

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