AbhishekHSinghCMT

Renuka Sugar- Looking for a small rally & big fall

Long
NSE:RENUKA   SHREE RENUKA SUGAR
3
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
​Growth Director - TradingView India

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