#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...
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.
Stock is in very good consolidation. Waiting for a proper breakout with increase in volumes to reach the mentioned targets.
See the chart for support and hope its can break this time with huge volumes
Andhrasugar has broken a long term trendline in the Weekly chart. Its good to accumulate the stock and sell it near All time high levels.
Note: 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... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 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
Andhra Sugar is near a good resistance zone. Target levels mentioned on the charts. Trade as per your risk management. This is just an analysis