This sugar stock is ready to give 57% swing from current levelsHello Everyone. i hope you all will be doing good in your trading and your life as well. I have brought a stock which is under 50 rs. and have potential to give double digit returns in few days. Stock just have given breakout of falling resistance trendline. There is higher probability we can see this stock above 50+ in coming days.
MACD is giving bullish crossover
price is above 200-DEMA
huge volume spike seen on breakout day
All this indicating a good reversal in stock.
Technically stock is looking good but fundamentally still not stable, so my recommendation will be only for short term.
Please follow strict stop loss and target it this.
go with less qty for better result.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
