ATAM VALVES: BASE FORMATION FOR A BREAKOUT

14 Jun

ATAM
Atam Valves Ltd. manufactures and supplies valves, fittings, steam traps, and strainers. Its products include flow indicators, auto injectors, industrial valve, globe valve, relief valve, horizontal check valve, and allied products. The company was founded by Vimal Parkash Jain in 1982 and is headquartered in Jalandhar, India.

Timeframe: Day chart🧐

🔹Swing:- Range forming after a bear leg.

🔹Structure:- Horizontal Resistance breakout, broken the trendline but next resistance break will create a strong momentum move

🟢ENTRY:230+

♦️RISK:- 190-day closing basis

🎯TARGETS:- 260,291+

Detailed analysis on chart Study it and mark levels on your chart

17 Jun

Catatan

Wait for Breakout, Don't take early entry.

#ATAM VALVES