The price seems to be bouncing of the previous support. It is at the 61.8% retracement levels(fibonacci levels have been reversed).
Price has already corrected by 13-14% from the 4700 levels. Keep it on your radar.
NSE:ALKYLAMINE
Stock taken support at 3930 and bounced back. Its below the trendline if the stock cross 4310 then target will be 4600.
Chances of sustaining above 4300 is unlikely
Lemme tell you some basics of Bullish Gartley (Harmonic-Pattern)
XA: The XA move could be any price activity on the chart. There are no specific requirements in relation to the XA price move of the Gartley chart formation.
AB: The AB move should be approximately 61.8% of the XA size. So, if the XA move is bullish, then the AB move should reverse the...
Buy above 4305 witha stoploss below 4023
Alkyl Amines Chemicals has an operating revenue of Rs. 1,389.09 Cr. on a trailing 12-month basis. An annual revenue growth of 25% is outstanding, Pre-tax margin of 32% is great, ROE of 37% is exceptional. The company has a reasonable debt to equity of 3%, which signals a healthy balance sheet.
Hello traders,
ALKYAMINE, a chemical stock which rallied huge on based of some news.
same rally might come up again if it breaks this 3 month consolidation box.
can go for first target of 14% upmove and 2nd target of 75% upmove.
keep a watch on this. can be best for swing and intraday.
check my other ideas to get to know about all the successful trades based on...
There is Breakout in Flag Pattern, could go for Long with Strict Stop Loss & Hiken-Ashi Candle Also telling for UPTrend.
PS: Ask Your Financial Advisor before Buying.
