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raavigeorgian

Dhampur Sugar 2yr Breakout

Long
DHAMPUR SUGAR MILL (NSE:DHAMPURSUG)  
raavigeorgian  
NSE:DHAMPURSUG   DHAMPUR SUGAR MILL
Trend Analysis Chart Patterns Technical Indicators breakouttrading channelbreak swingtrading pricevolumeanalysis weeklyanalysis sector_setups
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trendanalysis chartpattern indicator breakouttrading channelbreak swingtrading pricevolumeanalysis weeklyanalysis sector_setups
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.
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