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We recommend a buy in the stock of Atul from a short-term perspective. It is evident from the charts that it took support around Rs 35 in March and began to trend up. Since then, it has been on an intermediate-term uptrend, shaping higher peaks and bottoms. In late August, the stock conclusively broke through a significant resistance level of Rs 70 with good volume. The stock is trading well above its 21- and 50-day moving averages. It gained almost 6 per cent accompanied with high volume on September 30, reinforcing the uptrend. The daily relative strength index (RSI) bounced back into the bullish zone and the weekly RSI is already featuring in this zone. The daily moving average convergence and divergence (MACD) indicator has signalled a buy. Given that the stock’s medium-term uptrend is intact, we are bullish from a short-term perspective. We anticipate its up-move to continue until it hits our price target of Rs 95 in the approaching trading sessions. Traders with a short-term perspective can buy the stock while maintaining a stop-loss at Rs 81.