Chartists_Chart

Shree Renuka Sugar bearish pattern

Short
NSE:RENUKA   SHREE RENUKA SUGAR
RENUKA currently it's in bearish pennant pattern, when it gives break down than target of pattern should be at 32 or 33.

LONGS can be traded once it gives weekly closing above 51 with SL of 47.70 daily closing for target of 1st 60 (after 1st tgt trail SL to below 56 daily closing), 2nd 63.25 (after 2nd tgt trail SL to below 61 daily closing), 3rd 68 (after 3rd tgt trail SL to below 65 daily closing)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.