Stock of Alkali metals is in downtrend since last two years and now near its bottom which it forming since last one year in narrowing wedge pattern as shown in the chart. Stock is also trading just below 50,100 and 200 DMAs but above 20 DMA. Stock may give sudden upward surge if sustains above the bottom it formed (shown with horizontal blue line). Stock can be accumulated at this price for the short term target of 29. Stop loss at 24.5 recommended.
CMP - 26.15
