Alkyl Amines
We have seen long consolidation phase in Alkyl
Amines recently it made low 280 but unable to sustain at lower level and
bounced back sharply.
Hurdle at 410, Weekly close above 415-420
will take it to 450---475+ mark else could touch its support level of 370
again. It will turn positional weak if closes below 390.00 which seems to be
uncertain.
On Daily chart nifty is trading above 21
and 55 days exponential moving average which is at 348 and 332 while RSI and
MACD too showing positive divergence which indicates that upper side seems
certain in Alkalyemine.
Trading recommendation - Buy Alkyl Amines
in cash around 415-420 with stop loss of 370 and for initial target of 450-475 (Positional)
More will update soon!!
