ALKYLAMINE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.5

Here’s a detailed technical analysis of Alkyl Amines Chemicals Ltd. (ALKYLAMINE)

📊 Trend Overview

Current Trend: The stock is in a consolidation phase after a steep decline from its 52-week high of ₹2,499. Price is hovering near key moving averages, indicating indecision.

Price Action: Trading at ₹2,074, slightly below the 50-DMA (₹2,100) but above the 200-DMA (₹2,014), suggesting a neutral bias with potential for reversal if momentum improves.

📈 Momentum Indicators

RSI (48.0): Neutral zone, indicating lack of strong directional momentum.

MACD (-18.8): Bearish crossover, confirming short-term weakness and absence of bullish momentum.

Volume: Current volume (20K) is below the 1-week average (23K), showing low participation, which supports the consolidation narrative.

📉 Volatility & Bands

Bollinger Bands: Price is near the middle band, confirming range-bound movement. No breakout or breakdown signal yet.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 2,000 – 2,020 Near 200-DMA and recent swing low

Resistance 2,100 – 2,150 50-DMA and previous rejection zone

Breakout Zone 2,200+ Above this, next target is ₹2,350 – ₹2,499

🎯 Entry & Exit Strategy

Optimal Entry: ₹2,020 – ₹2,050 (on dips with bullish reversal confirmation)

Exit Zone: ₹2,150 – ₹2,200 (partial profit booking); ₹2,350+ (final resistance)

Stop Loss: ₹1,990 (below 200-DMA)

🔍 Summary

Trend: Consolidating

Momentum: Weak signals from MACD and RSI

Volume: Low, confirming lack of breakout strength

Outlook: Neutral to mildly bearish; wait for breakout above ₹2,100–₹2,150 with volume for trend reversal confirmation

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