Target Price: Rs 90
Stop Loss: Rs 67
Stop Loss: Rs 67
On the weekly chart, following a prolonged bullish rally, AAATECH has given a breakout of the Ascending Triangle Pattern on the upside, accompanied by significant trading volume, indicating a potential continuation of the bullish trend
The stock is currently trading above both its 50-day and 100-day exponential moving averages on the daily timeframe, a positive short-term signal. The Ichimoku cloud technical indicator further supports this outlook, as it shows that the price is trading above both the conversion and base lines, indicating underlying strength
(Kunal Kamble, Sr. Technical Analyst, Bonanza Portfolio)
