seen in formation
Declaration of good Q1fy18 result YoY
Conversely, The MACD going above the signal line, which gives a bullish signal and suggests that the price of the asset is likely to experience upward momentum.
If there arent major corrections and the stock gains momentum in ascending channel, Would prefer to enter in range of 172-173 above resistance (C) levels for short target initally
But now it seems there are some pains ahead for the sugar Industry in the coming quarters. --> Relating to macro factors, There appears to be mixed news for the sugar industry which can impact the trend
You can point out the news which can be pain for the specific sector in coming quarters..can help others also entering the trade in similar sector