Incorporated 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.
Fundamentally 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.
#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.
NSE:SAKHTISUG Trading in the Flag pattern, expecting to give breakout this week Buy with Stoploss - 20 Target - 26, 29, 32
#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.