Alkyl Amines
CMP 2224
Company was in bull run for several years and is correcting now.
It is likely to close below 40 MEMA this month , that makes it more vulnerable.
These type of corrections are either deep or take lot of time ( time correction ) or both.
If we were looking at this compnay, we would stay away from it for months.
And don’t look at the price from the top, check it from where it has risen ! That would chenge your prespective… three years back it was near 300 and it is at 2200 levels now …still >7X thus lot of scope to go down.
Monthly Chart
Disclaimer :This post is just a for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
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