Very Strong Closing Done Today
Volumes are 10 times more than average volumes.
Clean Break Out given according to charts.
Previous Resistance Zone broken today after multiple attempts.
Short Term Targets : 400
share name : dwarikesh sugar
reason of buy :
- Share is consolidation on their resistance area
of 2017 price is 80 which is a good sign
- Now, It is forming a pennant and we can see a
clear breakout on charts
- In upcoming days we can see targets of 120
with stop loss 60
Levels As mentioned on the chart
Triangle in Dwarikesh Sugar is in formation, same can be observed on lower time frame in Bank Nifty below
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Balrampur Chinni Mills as per daily chart analysis its a highly consolidation stock. Once the stock breaks resistance 328 level and sustains above 330 level then the target 350 is achievable. Holding the stock and Happy Trading to All.
Soybeans is heading to test next support zone as it is continuing the falling wedge pattern . short term trend is bearish till next support . We will continue to see low demand in china as it is 2nd largest economy low demand pressurise the price .We can expect increase in demand on next support . support levels r marked on the chart .
May be Sugar is going to be more sweeter soon...
Good Triangular patter formation in process... Any breakout above the upper trendline will result in a protracted move.
Risk takers can add 50% positions at CMP rest can wait for the breakout level.
Refer the below attached links of some of the successful idea posted by me which can be a learning for you.