#RENUKA Shree Renuka Sugars has broken out
#RENUKA
Shree Renuka Sugars has broken out of a bullish cup-and-handle pattern on the weekly chart, signaling strong upward momentum.
The stock is trading at ₹53.05, with resistance at *55 and ₹60, and support at *48 and €44.
A significant volume spike during the breakout indicates institutional buying, further confirming the strength of the move.
Ideal entry point: Around 50-52 for swing traders, with potential short-term targets of *55 and 60.
A stop-loss around
48 is recommended to manage risk.
SHREE RENUKA SUGARS LTD-TW-NSE
028.30 H30.50 £6.95 €17.05-1.25 -4.420
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Hello Everyone! 👋
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Related publications
Disclaimer
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