Balaji Amines and Alkyl Amines Two Chemicals-Specialty Stocks In Action!!

Balaji Amines stock has cleared a 6-week, 17% deep Cup Without Handle Base this week. Currently, the stock is trading around just -3% away from its ideal buy price of INR 2958. The stock is offering investors an opportunity to get on board at the current price.

 

The stock closed in green for the week, but the volume remained below average. It was up 4.02% on a -14% lower volume than the 10-week average. It will be interesting to see how the stock behaves in the coming week. You would want to see the price volume momentum to pick up in the coming trading sessions.

 

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 4.0% away from the 10-week moving average.

 

Balaji Amines has been a roaring outperformer as compared to the broader market. It has a top-notch Relative Strength Rating of 91. In the last twelve months, the stock has soared over 382.1% as compared to 47.8% for the Nifty500.

 

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Balaji Amines Li can maintain this outperformance, it could make sense as a CANSLIM trade.

 

Another key part of the jigsaw is institutional sponsorship. Balaji Amines Li has an Accumulation/Distribution Rating of 'A+'. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.

 

On the earnings front, Balaji Amines Li has an excellent EPS Rank of 97, which indicates consistency in earnings. The earnings and sales for the stock have grown by 17% and 10%, respectively over the past three years. Its 3-years earnings stability is 20, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 20% and 13%, respectively. The 5-years earnings stability is 17. The return on equity for the last reported year is 31%.

 

The stock belongs to the industry group of Chemicals-Specialty, which is exhibiting a fair amount of strength in the current market environment. The current industry group rank is 42. The current price of Balaji Amines Li is -9% off from its 52-week high price and 419% above its 52-week low price.

 

The stock appears on our idea lists: Growth 50,  Minervini Trend Template.

 

Alkyl Amines Chemicals

 

 Alkyl Amines Chemicals stock has cleared a 6-week, 13% deep Cup With Handle Base this week. Currently, the stock is trading around just -3% away from its ideal buy price of INR 3825. The stock is offering investors an opportunity to get on board at the current price.

 

The stock closed in green for the week, but the volume remained below average. It was up 2.3% on a -7.0% lower volume than the 10-week average. It will be interesting to see how the stock behaves in the coming week. You would want to see the price volume momentum to pick up in the coming trading sessions.

 

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 1.69% away from the 10-week moving average.

 

Alkyl Amines Chemicals has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 87. In the last twelve months, the stock has rallied over 309.4% as compared to 47.8% for the Nifty500.

 

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Alkyl Amines Chemicals can maintain this outperformance, it could make sense as a CANSLIM trade.

 

Alkyl Amines Chemicals stock has strong institutional support. The Accumulation/Distribution Rating of 'A+' represents heavy institutional buying over the past 13 weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.

 

On the earnings front, has an excellent EPS Rank of 97, which indicates consistency in earnings. The earnings and sales for the stock have grown by 73% and 35%, respectively over the past three years. Its 3-years earnings stability is 10, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 48% and 22%, respectively. The 5-years earnings stability is 19. The return on equity for the last reported year is 44%.

 

The stock belongs to the industry group of Chemicals-Specialty, which is exhibiting a fair amount of strength in the current market environment. The current industry group rank is 42. The current price of Alkyl Amines Chemicals is -3% off from its 52-week high price and 317% above its 52-week low price.

 

The stock appears on our idea lists: Minervini Trend Template.

 
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