Dhampur Sugar 2yr Breakout
The entire sugar sector is on an upmove.
Other sugar stocks are also breaking out.
This has tested the resistance once,
but sellers couldn't push the price down by much,
which means absorption is happening near breakout.
SL: Below Breakout Candle.
Tgt: Break of Hourly 20MA on the down side.
Other sugar stocks are also breaking out.
This has tested the resistance once,
but sellers couldn't push the price down by much,
which means absorption is happening near breakout.
SL: Below Breakout Candle.
Tgt: Break of Hourly 20MA on the down side.
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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.