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
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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
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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.
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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.