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Multiple year breakout | Bajaj Hind SugarNSE:BAJAJHIND 1st breakout already happened and it has sustained it. No in this month it has tried to break the next level but failed and coming down to check the support level of 17. And if it gets the support from 17 then in next month we can see a good move in this stock. Once can enter from this current level as well another safe entry point will be from 25 level. Target will be 25,30,35,45 +++ But it is not advisable to add all your capital in this stock. Mostly it trades in upper and lower circuits. Comment your suggestions or doubts.
NSE:BAJAJHINDLong
by Trading_hawk
DALMIASUG: Bullish BreakOut PatternThe stock has been following the ascending trend of higher highs and higher lows for a few weeks now. There is a pattern emerging by looking at the chart, which I have divided in 3 phases. Each phase is preceded by high volume, followed by consolidation. As soon as the price has touched the trendline, we have observed a spurt in volume and price. If the history repeats, as we are standing in the current situation, we can very soon expect a breakout to levels of 565. The stop loss can be maintained at 430, which was the resistance level before the previous breakout. Supporting technicals: RSI: 56.7 (ModeratelyBullish but not overbought) ADX: 30 (Suggesting strong trend) P.S: This idea is for educational purposes only and should not be construed as an investment advice.
NSE:DALMIASUGLong
by Yes2Profits
Andhra Sugars – Retest of Monthly level Breakout 386.55 on DailyEntry – CMP Target 1 – 629.35 Target 2 – 908.5 Stop Loss - 344 Duration – 2-3 year All numbers are weekly based On Daily Chart Stock is now retesting its breakout level. If Stock sustains breakout level of 386 then it’s expected achieve higher levels. Slight Volume build-up also seen from last 2 months. This need to improve going forward to achieve higher targets. Co is engaged in the manufacture and sale of sugar and caustic soda. Power Generation, Industrial Chemicals etc Dividend Yield: 4.7% Promotor holds 47.3% - Average 126 debt company (Debt continuously reducing and pending Debt can easily be paid back with 9-10 months profit) Profit continuously growing with good cash flow statement Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
NSE:ANDHRSUGARLong
by SagirKazi
2
Renuka Sugar : One more Sugar Company Breaking OutSugar as a sector has been rallying and have been popular amongst the trading community for a few months now. The multiple benefits that the sugar industry are now realising from the producing sugar are being discovered at large by the general investing commmunity. Sugar Industry has been stable for the last few years and now looks for a rerating due the following reasons: 1. Both the buying (raw material sugance) price and selling price (sugar) are fixed by the govt, providing a stable margin for sugar companies to work with. This eliminates unplesant surprises of lower sugar prices. 2. Sugarcane produces molases which can be further used to produce ethanol and alcohol. Both of which can add additional revenue for the industry. 3. The bagasse the left over of sugar cane can be used to generate power. The left over bagasse is able to generate more power than what is required by sugar companies so they are able to sell excess power for more revenue. In the past one year sugar companies have delivered excellent returns and looks good for more. Renuka Sugars have given a fresh breakout on the weekly chart after a 8 - 10 month long consolidation with a substantial increase in volume. If market remains favorable we can expect Renuka to continue to do well in the coming months. PS: This is a weekly chart so the investment horizon should be 6 to 12 months. Exit when the stock price gives a close below the 20Week EMA. you can track the performance and update for all active published ideas here .
NSE:RENUKALong
by tarangmht
3