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StrategicAlpha
Mar 9, 2022 8:20 AM

Indian Sucrose Ltd- Nearing Multiyear Breakout Long

INDIAN SUCROSE LTD.BSE

Description

Indian Sucrose Limited is an India-based company, which engages in the manufacturing and refining of sugar. Stock is deeply undervalued. With global Sugar prices near fresh 52 week highs, this becomes a key trigger for this company. Multiyear breakouts are super interesting patterns and are used by momentum traders. Multiyear breakout suggests that something big is happening with the company from fundamental, value or triggers front.
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