ANDHRA SUGAR held the support zone.
Bullish candle stick pattern "HAMMER" confirmed by higher close.
Levels mentioned on chart.
Given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’.
"Trade what you see, Not what You Think"
Happy Trading(:)
Buy ANDHRSUGAR only above 301 with Stop-loss at 273 for first target of 364. Idea is for 15th July 2020 onwards and I will update it if it is triggered or in case it is no longer valid.
A fundamentally strong share that is undervalued and near to demand zone. Buy can be initiated at 270-285. The target could be 325-350 first followed by 380-90.
monthly :(pink lines)
testing 350 resistance level
next support are 283
weekly : blue lines
trendlines and key resistance area 484 odd levels
daily chart : red lines
finding support at previous resistance line (yellow)
wedge formation
bearish sentiment ending
long to monthly support levels
targets 335,345, 350,367
