Shree Renuka Sugar
Updated
Fair Warning - This is a high debt laden company of the Wilmar group... Technically, looks to be in the middle of formation of a triangle.... as long as the lower line of the tiangle is not breached, target of 48.5 may be seen...has stong resistance at 47.5 levels (profit can be booked here if at all it reaches this level), gaps to be filled... safe traders should only enter when the triangle is confirmed, i.e., post breakout from the pattern lines
Trade closed: target reached
Cheeni khaakay nikal lo
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