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...
Sugar 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.
Entry – 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...
1) As sugar theme looks a very attractive bet for the short term
2) This stock after a long time gave a very fine breakout
3) the volume pattern forming is also reasonable
4) Moving average break out with volume
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
this chart has shown a beautiful head and shoulder pattern this chart can give breakout any time
buy after break out extremely bullish for this stock
buy buy buy!!!!!
targets and stop loss mentioned
it s a weekly chart targets will be achieved in the span of 3 months to 10 months