Alkyl Amines Chemicals Ltd – Daily Technical View

📊 Alkyl Amines Chemicals Ltd – Daily Technical View The stock is in a well-defined downtrend, trading below its key moving averages. Recent price action shows attempted stabilization near the lower Bollinger Band, indicating short-term base formation after prolonged selling pressure. 🔍 Technical Observations: Price remains below the 20 EMA, keeping the broader bias bearish Lower Bollinger Band support has held for now, triggering a mild pullback RSI is recovering from lower levels, suggesting loss of downside momentum, not trend reversal yet 🔑 Key Levels: Immediate Support: ₹1,540 – ₹1,500 Resistance Zone: ₹1,620 – ₹1,650 📈 Outlook: As long as the stock stays below ₹1,650, upside is likely to be limited and rallies may face selling pressure. A sustained move above ₹1,650 is required for trend improvement; otherwise, consolidation to weak bias may continue. ⚠️ Educational view only. Not a buy/sell recommendation. — AALGO BREATHS