ALKYL AMINES:
Few key points to note:
- A Bullish WOLFE WAVE has been formed
- Waves counting are mentioned
- Tested the Gann Level of Prior Trend
- Recently tested 200 EMA
- RSI Exaggerated Divergence
I expect a bounce from this point for 3578-3630-3849, but we don’t have any reversal signal yet. Once a bullish candle is formed at this level, we can long...
ALKYLAMINES short term investment
Monthly - Weekly-Daily demand zone
Short term investment idea - Holding period 2-3 months
Entry at CMP 3422, 3375 & 3330
SL below 3250 CLBS
Target T1:3610 & T2:3920
Note(*): Please note that we are not a SEBI Registered Investor Adviser/PMS/Broking House. All the contents over here are for educational purposes only and...
NSE:ALKYLAMINE is a very good fundamental company.
But, in daily time frame chart shows a clear downtrend. so, it is recommended not to make fresh position.
if anyone have this stock or wants to add this stock to their portfolio, major supports are 3024 and 2480
Alkaline amines diverting from golden ratio 60% fibbonacci with the support from 200 Ema , and candle stick hammer pattern also trend line taking trend line support
Alkyl Amines looks likely to bounce from these levels as it takes support. Balaji Amines has shot up after a correction, while Alkyl has not seen a correction as severe as Balaji on the price front, Alkyl has given a good consolidation in this range. Looks good for buying and holding.
A parallel channel breakout is seen in the charts of alkyl amines. Expecting a decent rally from here. The resistance trendline of the channel should act as support.
With Balaji Amines shutting down the DMF plant for 2-3 weeks Alkyl could become the sole supplier in the market at higher than normal rates.
Long above 4125 SL 3950.
