ABOUT COMPANY:-
Incorporated in 1939, The Ugar Sugar Works Ltd. is engaged in the manufacture and sale of sugar, industrial and potable alcohol, and generation and distribution of electricity.
Primary trend of Ugar Sugar Works has been bullish, as stock is holding above long term moving averages. We have seen also a downward slopping trendline breakout on daily charts. Price breakout is accompanied with rising volumes.
Indicator and oscillators have turned bullish on the daily and weekly charts. Sugar sector has started performing well after healthy correction.
So if anyone wants to go long can go with 102.35 current levels. You can also accumulate if you get 95-100 levels and place a stop loss at 88 and go for target above 120/124+,,minimum 20% returns possible in short term. Please follow strict stop loss.
If anyone likes my work please like, follow and comment your thoughts too.
Thankyou:))