RENUKA trading near 51.5. Closing above 53.5 will be very important. This may decides upcoming trend. It will give breakout only above 53.5. One can keep it in a watchlist.
Date:9th July 2024 Time:10:57 AM Why Dwarikesh Sugar? 1. Corrected since 2022 and recently on 10th July reached depth of correction price as shown in chart. 2. Successfully breaks A wave price point and sustained too. 3. RR is very favorable and in Hourly TFs 100 EMA as support working fine.
I decided to invest in Coffee Day as it appears to be within a good buying range. Disclosure : I am not SEBI registered. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this suggestions. Consult your financial advisor before taking any decisions
Bajaj Hindusthan Sugar Ltd (BAJAJHIND) is in uptrend in monthly chart. It has broke Inverted Head & shoulder and running in upside channel. Sugar stocks looks positive. Can be good long term trade if accumalted near support.
A custom index made by RENUKA, EIDPARRY, BALRAMCHIN, TRIVENI had a breakout with volume after 2.15Y. Cup & handle pattern. 22% upside potential still there.
One of the fundamental companies of sugar industry is eid parry. Good capital allocation. Increasing ROCE
Good to buy on DIP. Above 490, pattern breakout. Targets in the chart. Market Cap: 3,491 Cr. Promoter holding: 74.9% FII holding: 1.03% DII holding: 0.09% Public holding: 23.9%
Hello Traders and investors, All sugar sector is in limelight since few years, but this stock has performed with an average in rally. But it seems consolidation has been over now and this is now ready to fly in blue sky. In this week volumes are high for delivery, it seems smart money has taken entry and i am expecting this rally should exceed from here. And...
Exciting Bullish Pattern Alert! 📊 Pattern: Rising Channel 📌 Symbol/Asset: BALRAMCHIN 🔍 Description: Stock is around the support. We can see huge momentum if support is intact. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
A succesfull retest of breakout. Full positive outlook on to completition of Rounding bottom pattern.
Buy @ 410 SL 370 Target : 460 - 525 - 575 Sugar Sector looks good for a strong move !!
Ethanol Story looks strong and post expansion numbers will come better. Buy @ 435 SL 360 Target : 550 - 635 - 750++
Hello Friends, Welcome to our Elliott Wave analysis and technical indicators overview of Shree Renuka Sugar Ltd (RENUKA). In this analysis, we'll explore the Elliott Wave perspective and how it aligns with various technical indicators to support a bullish sentiment in the stock. Please note that this analysis is for educational purposes only and not financial...
turmeric chart suggest ba ck to back monthly gains ideally the trend could continue with retracements in between it is following an upward sloping trendline on higher frame the trendline its following comes straight from 2007 thus suggest a strong validity of the same
Jeera now with todays move , expect it to go through hammering and fast lide expected since Rainfall started and with rainfall, the ovverheated counter will feel coolness of RAIN WATER expect it to test levels of 48000 or even lower from here on wards
📊 Pattern: Wedge 📌 Symbol/Asset: Balrampur Chini 🔍 Description: Can give breakout from here or may touch support & bounce back 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
jeera is seemingly In overbought zones and a retracement toward the 42000-40000 zone likely rsi extremely overheated at current zones after that fresh upmove can take place a trading wise bearish move below 45k
Sugar as sector is also looking strong & Wave 3 of 3 is about to start a day close above 371 will confirm any pullback to 348 levels will be good long trade. I am not a SEBI Registered analyst chart shared for education purpose.