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Soham-18
May 1, 2021 3:39 AM

Andhra Sugars - Ascending triangle Breakout with Volumes  Long

ANDHRA SUGARSNSE

Description

- Good Fundamentals (Increasing Top and Bottom line figures)
- Breakout from an Ascending Triangle pattern with volume expansion
- Stock has volatility and thus a retest after the breakout is expected
- Good entry level at 367 with a stoploss of 316
- A consolidation near the breakout zone is expected
- High volume noticed in many other sugar stocks

Comment

Entry Missed but stock went with great momentum!
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