#UTTAMSHUGARRetest is done for UTTAMSUGAR
Now it started to be within the SC Range
325 is a level to watch and if crosses shall swiftly move up
UTTAMSUGAR
Uttam Sugar- Consolidation for nearly 2 years
- Shallow Cup and Handle OR multiple bases
- Horizontal resistance breakout supported by high volumes
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
uttam sugars- added to my watch listround bottom and break out above 200 DMA.
looking for closure above 269 for target of 293/303/313 (CMP 263.2).
the stock is having low P/e compared to industry peers
uttam sugar breakout for 2-3 monthIt's an educational analysis for cash market on breaout stocks. U can earn a good amount just taking a small stoploss and save your capital. U can watch uttamsugar until it breaks the given price action. After that u can take entry for 20-50% return on your capital just by putting a small stoploss of 2-3%
Symmetrical Triangle - Uttam SugarUttam Sugar has formed Symmetrical Triangle pattern in Daily and Weekly charts. Expecting an upside of Rs 143 from the breakout point
Beautiful Traingle in Uttam SugarChart -> Uttam Sugar Daily
A beautiful Symmetrical triangle breakout in Uttam Sugar, with a nice volume bar.
CMP: 290
SL: 266
Target: 337, 385
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
UTTAM SUGAR MILLSPOTENTIAL BREAKOUT IN WEEKLY TIME FRAME
Buy above 312
Targets 332/340/375
STOPLOSS 265
UTTAMSUGAR - Huge Potential - Breakout with volume - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
UTTAMSUGAR | Ready for 15%+ Move ?NSE:UTTAMSUGAR
Cmp : 268
Target : 305
Stop Loss: 255
Risk Reward Ratio = 1:3
Stock may give target if it managed to Close Above 268.
#Study, Learn & Earn.
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action.
Sweet Buzz in the Sugar StocksSomething is buzzing in sugar stocks, given the formation of BULLISH PENNANT in few of the sugar stocks, seems something sweet is in the offering soon.
However hold on your Horses, before jumping to trade it. All the sugar stocks viz. Dhampur, Dalmia & Uttam have formed Bullish Pennant , however we need to wait for a confirmation , before Buying the Sweetner.
Also check:
UTTAMSUGAR: BUY at 148, SL 137 TGT 220UTTAMSUGAR is a buy on NSE (UTTAMSUGAR) at 148 with SL of 137 and Target of 220
TOP 10 SUGAR Stocks Reviving?TOP 10 SUGAR Stocks , almost identical chrts, making rounding bottom after long term downtrend, after the Ethanol Price Hike news.
Can Ethanol revive the sugar sector?
BAJAJ HINDU$T@N -->
RANA SUGR-->
RAJSREE SUGR-->
AVADH SUGAR -->
DALMIA BH@R@T SUGR-->
DHAMPUR SUGR-->
BALRAMPUR CHINI -->
SIMBHAOLI SUGR-->
PONNI SUGAR -->
UTTAM SUGAR-->
Flag (Pennant) Pattern Long !Beautiful Pennant pattern gave breakout with higher volume two days ago. It is retracing which offers a good opportunity for short term gain. Mostly the Pennant is formed in half way which means that price may move as much as before forming the pattern. Stop Loss 68 Target 85. Risk to reward ratio is quite reasonable.
