Dwarikesh Sugar NSE By KRS ChartsDate:9th July 2024
Time:10:57 AM
Why Dwarikesh Sugar?
1. Corrected since 2022 and recently on 10th July reached depth of correction price as shown in chart.
2. Successfully breaks A wave price point and sustained too.
3. RR is very favorable and in Hourly TFs 100 EMA as support working fine.
Sugarstocks
EID Parry Update 9 May (29 April)EID Parry’s Q4 results are not announced yet and that’s one major reason the stock hasn’t moved decisively. Once results are out of its way, it is likely to continue its journey up (unless results are too bad). Any fall towards 590-580 levels should be treated as an opportunity to accumulate.
This is not a trade recommendation. Please do your own due diligence/analysis.
SHREE RENUKA SUGARAll important points are marked.
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
ANDHRA SUGARS By KRS ChartsDate: 22nd Aug 2024
Time: 9:30 AM
Why Andhra Sugars ❓❓
1. In Bigger TF, it is making Higher Highs and Higher Lows so All over Bullish Stock from Sugar Sector .
2. Recent Lows in April 24 and Jun 24 was inside 0.5 to 0.618 Fibonacci zone which is known for reversal zone and successfully sustain above those lows. 👍
3. On 10th Jun its Gap Up and Breaks the trendline with successful retest with today's move 🎇
Near possible Target is ATH price point 177 RS.
with SL of 94 Rs.
EID Parry for 40% gainIn the longer time frame, the stock seems to be in Wave 5 that could lead to about 1000+ levels. The present level (620) is part of Wave III that may culminate at around 880 which is also the 1.618 fib level as seen in the chart. This doesn’t mean that the rise will be a straight line. The zigzag move may take some time but even if it takes 6 months or more to reach 880 (40% gain), the return is good. Any fall towards 590 levels should be an opportunity to add. This is not a recommendation to trade. Please do your own due diligence.
Balampur ChiniNSE:BALRAMCHIN
Long trade in BALRAMPUR CHINI.
Best buy: 395+ or after the breakout of the triangle pattern ie.420+
Stop Loss: Below 370
Targets: 430/460/520
Reasons to Buy:
The trend line has always been a reliable support system, and it has proven its consistency time and time again.
Good support from the 52weeks moving average
Good PE ratio of 22.90
Disclaimer :
Please note that this is a general idea and it is recommended to trade at your own risk.
BALRAMCHIN : Exciting Bullish Pattern AlertExciting Bullish Pattern Alert!
📊 Pattern: Rising Channel
📌 Symbol/Asset: BALRAMCHIN
🔍 Description: Stock is around the support.
We can see huge momentum if support is intact.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Sweet Industry (Sugar rising)Entire sugar industry rising. I like fundamentals of E.I.D Parry. Also like Dwarkesh. technically bullish. I guess inflation in sugar prices & ethanol volumes leading to stock price inflation expecting better results. Parry, Balrampur, Dwarikesh, Triveni all looking good.
Rise in crude oil, less than expected monsoon all factored in shortage. Exports has been cut. Govt taking initiatives to control prices of sugar. Read an article that govt trying to accommodate 31 to 36.
Dwarkesh coming out of Rectangle pattern
Holding both E.I.D Parry & Dwarkesh Sugar
Multibagger suggestionHello Investors,
This post purely for investors who can wait and reap the benefits at a long period.
Yes, Balrampur Chinni seems long and may double its share value. But not sure how long it will take. Already it is in a consolidation since October 2021 after a good rally.
Keep adding your investments if your wish for this stock instead getting frustrated with some blue chip stocks at this moment.
This is a weekly time frame chart and I have marked some levels in case of upmove. After 600 it may fly. Enter by looking at the smaller time frame and buy at a good support ( bottom ) levels.
Thanks
Breakout in yet another sugar stock!Dhampur sugar has given a breakout from strong supply zone of 280-290.
A closing above 300 today will take this stock to levels of 350, 380 and ATH++.
However, this breakout might be news based and could fail as well. Commodity stocks have added risk of being extremely volatile.
Have strict SL in these kind of stocks and book quick profits.
Dalmia sugar is at a sweet spot to buy!Dalmia sugar is looking good to be a part of bull run of sugar stocks.
Levels are mentioned on chart. Stock is near 23.6% of Fibonacci retracement level. If level is broken, we can see stock moving to ATH as well.
However, Commodity stocks have an added risk of being news driven so trade with strict SL.
Idea shared strictly for educational purposes
Big Fresh Breakout📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Fresh Breakout
📌 Symbol/Asset: DCM SHRIRAM
🔍 Description: Buy on Dips
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.