naveenpawar22

Alkly Amine W pattern formation

Long
NSE:ALKYLAMINE   ALKYL AMINES
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



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
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.
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.

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