Alkly Amine W pattern formation

Dec 30, 2023

Alkyl amine is currently trading at 2535. It has broken its 3 year long downtrend.

Recently formed double bottom with bullish divergence.Volume is on higher side.

If it manage to close above 2810 then W pattern will be confirmed. Then it can head for 3220/3450/3840/4300 target.





This is for educational purpose. Not a Buy/sell recommendation

Jan 1

Trade active

Today it has moved more than 6.5% taking the price to 2701.

W pattern will be confirmed once it get weekly closing above 2810.


Not a buy/sell recommendation

Jan 6

Trade active

It is trading at 2641.

A pull back is expected as negative divergence has formed.

This is for Educational Purpose. Not a Buy/Sell Recommendation.

Feb 3

Trade active

As expected it started falling after showing bearish divergence. It is still in upward channel if it breakdown then 2120 should be kept as stop loss on closing basis.

2380-2410 act as a short term resistance

This is for Educational Purpose. Not a Buy/Sell Recommendation.