ANDHRA SUGARS By KRS ChartsDate: 22nd Aug 2024
Time: 9:30 AM
Why Andhra Sugars ❓❓
1. In Bigger TF, it is making Higher Highs and Higher Lows so All over Bullish Stock from Sugar Sector .
2. Recent Lows in April 24 and Jun 24 was inside 0.5 to 0.618 Fibonacci zone which is known for reversal zone and successfully sustain above those lows. 👍
3. On 10th Jun its Gap Up and Breaks the trendline with successful retest with today's move 🎇
Near possible Target is ATH price point 177 RS.
with SL of 94 Rs.
Andhrasugar
ANDHRA SUGAR Stock Split Not a crashIt is been seen that many new traders asking me about the crash in the andhra sugar which is going good according to our study.
Please note that when stock split such things take time to get adjusted on chart that is why a big reg candle appears.
Do not panic Modify SL at 112
ANDHRSUGAR - About to BREAKOUT The stock setup suggests that if it crosses 640 and is able to sustain that level, it can breakout with high volumes to 710.
It has been through a consolidation phase after the previous run up but the volumes have started to pick up in the past few days.
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Target 1 (24%) achieved in Andhra Sugars. Target 2 is ON...This is follow-up on Andhra Sugars. Can check link to related ideas.
Target 1 achieved. More than 24%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 2 (44%) achieved in Andhra Sugars. Target 3 is ON...This is follow-up on Andhra Sugars. Can check link to related ideas.
Target 2 achieved. More than 44%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Breakout in Andhra Sugars...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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.
Andhra Sugar - Weekly Breakout. Looking good on WoW Basis#ANDHRSUGAR
Perfect candidate to ride the Soft Commodity and Sugar Rally and hence my conviction here. Numbers listed are weekly considerations
Entered at - 442
Stop Loss - 415
Target 1 – 486 ( Next coming days )
Target 2 – 592 ( 4 to 5 months )
Target 3 - 672 ( 8 to 10 months )
Some of you might not agree with the gap between SL and entry price but I am okay to let this play with my risk appetite for next coming days and next 4 to 5 months
On Daily chart is it now retesting its breakout level. If stock sustains levels of 415 on weekly closing, then its expected to move into predicted trajectory as reflected above
Volume spurt has also been noticed on WoW basis for last 4 weeks. Good sign of buyer interest in order to move towards predicted trajectory
Disclaimer -
- The view expressed here are my personal views. I am publishing this for my own records and what I see on charts.
- If you're referring to this, please consider this ONLY FOR educational & research purposes.
- Past performance is not a guarantee for future predictions
- Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion.
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do your own analysis and consult your financial advisor before investing.
TIA!
Andhra Sugar multiyear breakoutSugar sector is on a roll and Andhra Sugar will greatly benefit on it. It has given a multi year breakout with a target of 700 and a stop loss of 280.
A simple chart analysis no extended study required.
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.