TradingView
kathanthakkar403
Jul 11, 2022 5:24 PM

Triangle breakout Long

NSE:RENUKA1D
SHREE RENUKA SUGARNSE

Description

⋅
Chart -> Renuka Sugar Daily

The stock has recently broken Descending Triangle resistance line. Resistance is around 50.50, above that, it can move swiftly.

CMP: 49
Buy till: 47
SL: 45 on a daily close
Targets: 55, 63

Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Trend AnalysisChart PatternsrenukasugarRENUKA
Comments
YesvSpeedyStock
⋅
Sir,

please make analysis of NDTV and RSYSTEMS
sathismass
⋅
Can I hold this renuka sugars or exit ?
kathanthakkar403
⋅
@sathismass, For short term one can hold with a SL of 44 on daily closing basis. For long term one can hold with a SL of 39 on two days closing basis.
sathismass
⋅
@kathanthakkar403, thank you
More