naraykln

Sweet Industry (Sugar rising)

Long
naraykln Updated   
NSE:DWARKESH   DWARIKESH SUGAR IN
Entire sugar industry rising. I like fundamentals of E.I.D Parry. Also like Dwarkesh. technically bullish. I guess inflation in sugar prices & ethanol volumes leading to stock price inflation expecting better results. Parry, Balrampur, Dwarikesh, Triveni all looking good.

Rise in crude oil, less than expected monsoon all factored in shortage. Exports has been cut. Govt taking initiatives to control prices of sugar. Read an article that govt trying to accommodate 31 to 36.

Dwarkesh coming out of Rectangle pattern

Holding both E.I.D Parry & Dwarkesh Sugar
Comment:
Sugar's on fire

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