AbhishekHSinghCMT
Long

Renuka Sugar- Looking for a small rally & big fall

NSE:RENUKA   SHREE RENUKA SUGAR INR1
22 0 1
In terms of price Renuka Sugar             has done nothing since Aug 2015 bottom at 7.10- Its seems that a leading diagonal is forming in sugar- we shall for a small rally to complete the diagonal & then a fall close to 8-10 (retracing almost 80-90%) not below the low@7.10- shall set the stage for fire.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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