Govt is thinking to increase the price of sugar as golbally the price is increasing. This will be positive for Mills and dwarikesh can rebound from 50EMA, this is a weekly or monthly target as RSI momentum is low.
NSE:BAJAJHIND
1st breakout already happened and it has sustained it. No in this month it has tried to break the next level but failed and coming down to check the support level of 17.
And if it gets the support from 17 then in next month we can see a good move in this stock.
Once can enter from this current level as well another safe entry point will be from...
The stock has been following the ascending trend of higher highs and higher lows for a few weeks now.
There is a pattern emerging by looking at the chart, which I have divided in 3 phases.
Each phase is preceded by high volume, followed by consolidation. As soon as the price has touched the trendline, we have observed a spurt in volume and price.
If the history...
MACD has already given a sell signal at 17.
Signal confirmed if price breaks the support below 16.70 to 16.50
Hence the sugar rally is likely to take a breather under corrective wave C.
Sugar as a sector has been rallying and have been popular amongst the trading community for a few months now. The multiple benefits that the sugar industry are now realising from the producing sugar are being discovered at large by the general investing commmunity. Sugar Industry has been stable for the last few years and now looks for a rerating due the following...
Stock of the Week: #Kotarisug
Entry Price: 50.40
SL: 23.70
Position Sizing: 7%
Reason: On the verge of 15 years breakout with an increase in Volume
NSE:KOTARISUG
Entry – CMP
Target 1 – 629.35
Target 2 – 908.5
Stop Loss - 344
Duration – 2-3 year
All numbers are weekly based
On Daily Chart Stock is now retesting its breakout level. If Stock sustains breakout level of 386 then it’s expected achieve higher levels.
Slight Volume build-up also seen from last 2 months. This need to improve going forward to achieve higher...
Stock has given a good monthly closing ~42
looks like a resistance
RSI is trending up
RS is trending up
looks good on monthly charts
next stop shall be 59.75/-
Dwarikesh has recently broken out from a multi year downtrend (Descending Triangle) and broken through several important resistance levels with good volumes.
CMP: 42
Final Target: 80
SL: 28
Time Frame: 1 Year
Initial targets:
#1: 48
#2: 60
#3: 75
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
* Before i had already share balrampurchini before breakout and now all sugar stocks breakout from its liftetime high price . Now find out yours sugar stocks becoz all sugar stocks now ready for fly . Only negative point particularly in this stock is volume is in downtrend i will assume within one to two week volume breakout will happen .
Kindly Let us know if...
Multiyear breakout in monthly charts .
Rounding bottom pattern.
Demand supply mismatch in Sugar globally.
Increased Sugar production by 20% in last few months.
This can add the stock price surging towards target of 370-392.
Dhampur sugar mill looking above today's session high. Just a simple trendline and resistance breakout with good volumes, also we got a 9/21 ema crossover and macd crossover plus we get rsi at 64 meaning bullishness, can retrace a bit or not.
