Dhampur sugar mills is in strong uptrend and available in discount price near to the multiple(touch point) resistance line of 226 with spike in volumes . Breakout targets 244,269
Petrol Price above 121 today. :( Making Ethanol Blending a must ,as per govt strategy
These top 15 Sugar mills producing Ethanol are rocketing high. Pick your longterm Winners
Interestingly Support/ Resistance in most are very EQUIDISTANT.( see arrows in charts)
(Monthly Charts)
Avadh Sugar-->
Balrampur Chini -->
Dalmia Bharat -->
Dhampur...
Dhampur Sugar Mills (Dhampur) is one of the leading integrated sugarcane processing companies in India. Our continuous and often pioneering efforts to harness the full potential of sugarcane has enabled us to expand our portfolio beyond sugar to include renewable power, fuel ethanol, alcohol, extra neutral alcohol, alcohol based chemicals and bio fertilizers.
share name : dhampur sugar mill
call type : poistional
- share is consolidating in a tight range from a
very long time and forming a descending
triangle too
- We can see a clear breakout on descending
triangle and range too
- we can accumulate this share above 345 level
with target of 400 and 472 with sl of 300
thanks
DAILY SWING CALL // Monday 6th of Feb 2022 // NSE: NSE:DHAMPURSUG
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 408.2
TARGET: 469+ (15% Around)
STOP...
TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
Very Strong Closing Done Today
Volumes are 10 times more than average volumes.
Clean Break Out given according to charts.
Previous Resistance Zone broken today after multiple attempts.
Short Term Targets : 400
NSE:DHAMPURSUG
One of my favorite stock and good time to invest again 305 is the best time to entry and target will be 410.
This is education purpose only.
Cheers,
Happy Trading.
Dhampur Sugar is putting up a double bottom formation on the monthly chart.. Currently the price is at around the neckline. The PA on the lower timeframe can be observed for decisions around Trade Initiation.
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...
Dhampur Sugar Mills good for Long Term Investment
Buy in the Range of 183 -185
Once Level Break of 186 it might go up.
Target - 350
Time Frame: 6 -9 months
