Sugar Industry: This Party Is Over Now!!
Looks like party is over in sugar industry as all the major sugar stocks are looks like forming Wyckoff Distribution Schematic( or commonly known as "Head and Shoulder" pattern).
So better to avoid sugar stocks for the time being and can shift to paper industry for decent returns. As paper industry is witnessing a huge turnaround after recent plastic ban and increase in exports.
So better to avoid sugar stocks for the time being and can shift to paper industry for decent returns. As paper industry is witnessing a huge turnaround after recent plastic ban and increase in exports.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.