SAKTHI SUGARIncorporated in 1961, Sakthi Sugars Ltd manufactures and trades Sugar, Industrial Alcohol, and Power
SSL manufactures sugar, industrial alcohol, power and soya products. The by-products include molasses, bagasse and press mud.
Sakthisugar
SAKTHI SUGARFundamentally there is nothing encouraging here however, purely on technical basis, this stock seems to be ready for a big move.
RSI breakout is an early indication, and the relative strength of the stock seems to be in a very sweet spot.
A triple bottom is adding confidence to this Low-Risk High Reward setup.
Sakthi Sugar Multiyear BO#SakthiSugar showing a multiyear BO after 2018.
CMP 23. Maintining a good volume and can be taken for 40/60% upside in next few months.
SL 20 closing basis.
Sakthi sugar - Stock pick for DiwaliNSE:SAKHTISUG
Trading in the Flag pattern, expecting to give breakout this week
Buy with Stoploss - 20
Target - 26, 29, 32
Sakthi Sugar#SakthiSugar CMP 28 BO on longer TF charts.
Seems ready for good upside for 35/45/55
Funda not that good but may turnaround as Sugar prices increasing and petrol blending is increasing.
