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Balaji Amnies, Alkyl Amines: Specialty chemical stocks have more steam left

Major specialty chemical stocks exhibit strong strength on good volumes. Here are the key levels for frontline stocks from this sector.

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Specialty chemical stocks

Avdhut Bagkar Mumbai
Balaji Amines Limited (BALAMINES): Since the counter hit a new all-time high, the rally has got even stronger. The price is not showing any weakness despite the Relative Strength Index (RSI) being in an overbought condition. The trend looks positive and even volumes support this movement. The immediate support comes at Rs 780 and then Rs 740 levels. The chart suggests Rs 1,000 levels could be scaled in the sessions ahead. CLICK HERE FOR THE CHART
 
Alkyl Amines Chemicals Limited (ALKYLAMINE): The counter has doubled from the lows of March, 2020. The strength seen

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First Published: Aug 18 2020 | 10:24 AM IST

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