ALKYL AMINES

This chart of Alkyl Amines Chemicals Ltd (NSE: ALKYLAMINE) on the weekly timeframe shows a textbook channel breakdown followed by a potential trend reversal setup.

📈 Chart Analysis (ALKYLAMINE | Weekly Timeframe)

• Massive Rally (2020–2021): The stock saw a parabolic rise during the pandemic, peaking near ₹4,700 in early 2021.
  
  
• Prolonged Correction (2021–2024): A multi-year downtrend followed, forming a falling channel with lower highs and lower lows.
  
  
• Potential Reversal Zone: The stock seems to have broken out of the downward channel recently and has started forming higher lows, indicating accumulation and strength returning.
  
  
• Short-Term Pullback Likely: Based on the projected path on the chart, a healthy correction or retest might occur before a major impulsive wave begins.
  
  
• Medium-to-Long-Term Projection: A VCP-type structure (Volatility Contraction Pattern) or cup-and-handle base could be forming with targets much higher in the next 2–3 years if the current support holds.
  

⚠️ Disclaimer:
This is not investment advice. The analysis shared here is purely for educational purposes. Please do your own research or consult a registered financial advisor before making any investment decisions.