Looking for stocks with high upside potential? Atul and Tinna might offer a good upside move. Get expert insights from SEBI-registered analyst VLA Ambala on the best buying price, target levels, and stop loss. Read the full analysis before making your next stock market move!
Investors are always on the lookout for stocks with strong upside potential. In this analysis, we delve into two companies—Atul and Tinna—where a potential 25% to 55% price surge is possible with associated risk in it. Backed by technical and fundamental insights, this review by VLA Ambala (SEBI Regd. RA) will provide clarity on ideal buying levels, target prices, and stop-loss strategies. Should you add these stocks to your portfolio? Read on for a detailed breakdown.
This chart appears to be a daily candlestick chart of Atul Auto (NSE: ATULAUTO) with a falling wedge breakout setup. Here’s a detailed technical analysis:
Pattern Identified: Falling Wedge Breakout-
The price has been moving in a falling wedge pattern, which is a bullish reversal pattern.
The breakout seems to be occurring at around ₹469.70, which is a key resistance level.
Key Levels:
Entry Zone: The stock is currently trading at ₹467.35, slightly below the breakout level.
Stop-Loss (SL): The red zone around ₹419.80 marks the stop-loss level, indicating downside risk.
Target Levels (TP) Based on Fibonacci and Resistance Zones:
First Target: ₹498.03 (near-term resistance)
Second Target: ₹529.55 (previous resistance)
Third Target: ₹603.43 (major resistance & Fibonacci extension)
Ultimate Target: ₹680.27 – ₹682.24 (long-term resistance)
Volume & Confirmation:
If the breakout is backed by higher-than-average volume, it adds strength to the bullish move.
If the price sustains above ₹469.70 and retests successfully, it confirms the breakout.
Risk-Reward Ratio:
The green zone represents a strong risk-reward setup, indicating a potential 3-4x reward compared to risk.
Trading Plan:
Aggressive Traders: Enter near ₹467-470 with a stop-loss at ₹419.
Conservative Traders: Wait for sustained breakout above ₹470, then enter on a retest.
Conclusion for Atul Auto-
Bullish bias if the stock sustains above ₹469.70.
Caution if price struggles to break out and falls back below ₹464-460.
This is a daily candlestick chart of Tinna Rubber and Infrastructure Ltd (BSE: TINNARUBR). Let’s analyze it in detail:
Pattern Identified: Symmetrical Triangle –
The price is consolidating within a symmetrical triangle, formed by:
A lower trendline (ascending support).
An upper trendline (descending resistance).
A breakout in either direction will decide the next trend.
Key Levels & Observations:
Current Price: ₹985.10
Immediate Support: ₹968.71 (lower trendline support)
Stop-Loss: ₹835.93 (red zone, below key support)
Breakout Zone:
Bullish breakout above ₹1,000 could trigger momentum.
Bearish breakdown below ₹968 could lead to downside pressure.
Target Zones (Green Box – Potential Upside):
Target 1: ₹1,100 (psychological resistance)
Target 2: ₹1,250 (major resistance)
Target 3: ₹1,347.62 (final projected target from breakout)
Volume & Confirmation:
A breakout with strong volume will confirm the trend.
A false breakout can occur, so waiting for a sustained move above ₹1,000 with volume is ideal.
Risk-Reward Ratio:
The setup has a high risk-reward ratio, as the potential reward (₹1,347) is significantly higher than the risk (₹835).
Trading Strategy:
Aggressive Traders: Can enter near ₹985-990 with a stop-loss at ₹835.
Conservative Traders: Wait for a confirmed breakout above ₹1,000 before entering.
Exit Strategy: Partial profit booking at ₹1,100 & ₹1,250, and trail stop-loss to protect gains.
Conclusion:
Bullish Bias: If price breaks above ₹1,000 and sustains.
Bearish Breakdown Risk: If it breaks below ₹968, downside towards ₹900-850 is possible.
VLA Ambala – SEBI-Registered Research Analyst
VLA Ambala is a SEBI-registered Research Analyst known for expert insights into the Indian stock market. The platform provides technical and fundamental analysis, IPO reviews, and trading strategies for retail traders and investors.
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