- 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.
round 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
It'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%
Chart -> 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.
The 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...
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...
Something 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...
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-->
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.
