AbhishekHSinghCMT
Long

Renuka Sugar- Sugar taking time to melt

NSE:RENUKA   SHREE RENUKA SUGAR INR1
44 0 1
Renuka Sugar- Can Sugar Turn into Honey?



In one sense it is good that sugar             is taking time to melt because it won't affect our health & we can feel its sweetness as well.

From last update- prices has been struggling in the zone 15-16. Likely, we are close to do some trending move upside with key support at 14.90. Initial Target could be 18.40-18.50 & beyond that it should be looking an area of 19.50-19.90.
Trade active: 12:50 Hrs- IST-9th Sep2016

Common Renuka - I want you to see upside in the zone 18-19. Trading@16.75

before you could fall sharply down.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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