Sugar stocks sees momentum
Updated
Fundamental front sugar always performs well in Q3 and Q4 and with ethanol having fancy margins all sugar stock see some jump today. Technically any close above 532 would mean channel broken on upside.
IF market tanks it should maximum retrace the b/o level.
Disc: It is not a recommendation but just observation
IF market tanks it should maximum retrace the b/o level.
Disc: It is not a recommendation but just observation
Trade active
Now here 549 should hold ideally.Trade active
Cmp is 671 more than 30% in few sessions. ideally 649 can be kept sl for traders. Long term hold can hold 549 as sl and continue,
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