I AM A NOVICE LEARNER AND THIS IS NOT A TRADING IDEA
The channel is wide for 400 and the stock may test the mid point of the channel soon.
may come down by 150-200
USE YOUR OWN JUDGEMENT to take any idea to trade
it has made a new 52W High and also formed a cup & handle pattern. closing above 2000 on daily basis also gives new rally. look at neck line breakout. it will give rally further.
Long Logic
There is a cup and Handle Pattern Which is forming.
Weekly Chart is Bullish.
Breaking above the Resistance and sustaining those level may lead to see a 1910 Targets on Upside.
Observing RSI Crossing 60 Would be another confirming Signal.
This share is continuously in an uptrend and giving good returns in every time frame.
The 1790 level is very crucial to watch out on Monday.
Let me know if you want a detailed study in any.
alkyl amine look good to go long with stoploss as given r:r good 3:1
Don't go full while trading in such market so we will take only 1/2 percent risk as of now
