It seems the chemical section has underperformed the overall markets since a year. The chart showing that possible bottom has been formed for this stock.
This is not a buy sell recommendation pls, this deemed to be fit for education purpose only.
Regards.
1. MA 100 is giving a very good support for alkyl.
2. one thing to note is it is forming a cup and a handle pattern, with the neckline drawn.
3. the stock has not given any returns, from past 6 months.
4. on 1st of august, the stock broke the trend line, to give a breakout, but it was not much effective, and from that period the stock is in a range.
5. have a...
ALKYLAMINE is into manufacturing of chemicals, mainly amines. With chemicals sector working on ramping up domestic capacity to remain resilient from external shocks the stock breaking out above previous ATH and continuing its upward momentum warrants attention. The stock seems to be on a strong upward momentum with next potential target at around 2490. The stock...
Hello friends, As you can see in the chart Right now we are on riding on Impulsive we have done our wave 4 at 1640 now, Question is does we have done wave 5?
When we using fib level with elliote wave we did not complete 5 th wave but I am only looking for short it, When the price went still upward then you can average your short until 2150,
or you can short Below...
