Uttam Sugar Mills breakout complete now consolidating.
Updated
All observations on chart.
All sugar stocks are zooming.
Uttam sugar has formed a large falling wegde, bullish pattern. After breaking out stock is sideways for almost 4+ months with increased volumes, this shows accumulation is going on.
Expecting a breakout soon here.
Entry will trigger above 116. RR is more than 1:1. To make it more favorable one can enter with conviction now at CMP .
One can buy partial quantity now and rest above 116.
Besides these Other sugar stocks.
1.
BALRAMCHIN
2.
ANDHRSUGAR ( link attached below )
3.
DHAMPURSUG
4.
DALMIASUG
5. BSE:DCMSRMIND
6.
AVADHSUGAR
All sugar stocks are zooming.
Uttam sugar has formed a large falling wegde, bullish pattern. After breaking out stock is sideways for almost 4+ months with increased volumes, this shows accumulation is going on.
Expecting a breakout soon here.
Entry will trigger above 116. RR is more than 1:1. To make it more favorable one can enter with conviction now at CMP .
One can buy partial quantity now and rest above 116.
Besides these Other sugar stocks.
1.
BALRAMCHIN2.
ANDHRSUGAR ( link attached below )3.
DHAMPURSUG4.
DALMIASUG5. BSE:DCMSRMIND
6.
AVADHSUGARNote
So the small consolidation broke out on upside.Partial buy is now in 25 to 30% profit.
Even if retracment is small still we get a good average 🤩
Note
Mind blowing Move 🔥Note
Upper circuit and also near 1st target.Standing at 55% gains.
Take some money home 😊
Note
2x from the buy given. Superb gains.Book full. Fantastic trade
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