AbhishekHSinghCMT
Long

Renuka Sugar- Can Sugar Turn into Honey?

NSE:RENUKA   SHREE RENUKA SUGAR INR1
48 4 3
Follow up from previous update- "Renuka Sugar- Looking for small rally & big Fall"-- If RS             moves above 17 mark -it will confidence the up move & should carry to 18.50-19 Handle Zone.

Regards,
Abhishek H.Singh, CMT
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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This time it's different. Every year we have enough surplus of Sugar and global sugar prices were low. Maharashtra Government is already asked government to import Sugar after pulses import is done to ensure prices are lower locally. But global market shot up after the news.

We might be seeing 40 or even 50 Rs. By this year.
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Thanks for update
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Keeping technical aside....I have been following renuka sugar for a long time and it goes up every year in the month of aug and september....Possible due to harvesting of Sugarcane.
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Could be one of the reasons. Regards
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