Possible bottom formation in Speciality Chemicals?

Top 7 names which shows signs of bottom formation

I just had an impromptu session on Speciality Chemical names.

Watch the session here:

Only a handful of them are on an uptrend as expected.

Many of them have corrected in excess of 40%.

My bias is more bullish.

As everything is cyclical.

what goes down will come up.

Here is a list of 7 names that may be on the verge of a bottom and a reversal:

Most of the bases are incomplete and hence I have used my discretion to anticipate them.

It is prudent for trend followers to wait for the confirmation of reversal.

But we stay ready.

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1. Aarti industries

2. Clean Science

3. LXCHEM: Ascending Triangle

4. Alkyl Amine

   

5. Neogen Chemicals:

   

6. Deepak Nitrile: Ascending Triangle

   

7. SHK: Huge Ascending Triangle

   

That’s the List.

This is anticipation.

based on price action.

Trend followers should wait for the reversal signal.

see you in the next.