Avadh Sugar gave a multiyear breakout and is trading above the breakout level so if it sustain one more candle above 650 buy in retracements for fibaonacci level of 980.
This is on weekly timeframe so stock may take few months to achieve target a strict stoploss of 580 should be kept on weekly closing basis
Note - THIS IS JUST FOR EDUCATIONAL PURPOSE, TRADE WITH...
#AVADHSUGAR - Long term idea
CMP - 701
Can be looked in the range of 620 to 650
OR
Only Above 720
Next Levels can be expected 750,890,1340
View will be negated below 490
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your...
Source:- Screener.in
Avadh Sugar & Energy Ltd is primarily engaged in the manufacture and sale of sugar and its by-products (molasses, bagasse and press-mud), spirits including ethanol and power. It was incorporated in March 2015 with the purpose of transferring sugar units in Uttar Pradesh of Oudh Sugar Mills Limited (Oudh) and Upper Ganges Sugar & Industries...
Avadh Sugar has given a good solid breakout. keep a deeper stop loss at 400 and the first target should be 510 and then we can keep 510 as a trailing stop loss once the stock crosses that zone.
The stock taking resistance in ATH zone. It accumulate good volume. If this level breaks, we can expect good move.
Analyze before trade. This is only for educational purpose.
1) Firstly pretty good channel breakout
2) And successfully Retested the trendline with low sell off candles
3) You can aim for 530 levels for the target (i.e 1:2) and keep your stop loss below the breakout candle.
4) I gave the target levels in this trade. Actually, I don't set the target, I do take exit depending on price-action (and it varies from the person to...
Very Strong Closing Done Today.
Volumes are 10 times more than average volumes.
Need closing above 550 for next strong move.
Short Term Targets Initial Target : 650
Fundamental front sugar always performs well in Q3 and Q4 and with ethanol having fancy margins all sugar stock see some jump today. Technically any close above 532 would mean channel broken on upside.
IF market tanks it should maximum retrace the b/o level.
Disc: It is not a recommendation but just observation
Beautiful 15% Potential Target in Avadh Sugar, don't miss the opportunity.
Reasons to trade -
1. Beautiful Price Consolidation inside channel
2. Channel Breakout
3. 50 EMA support
4. Horizontal Demand Level
5. Breakout of trendline and then retest taken, ready for blasting
6. Breakout with a good volume
Please hit like this really motivates me and pushes me to...
#AVADHSUGAR (W):- CMP 593 Looks Good For More Upsides :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
Sharing my views on Avadh Sugar. It has given a range BO of last 4 months..... Also it is about to give Round Bottom BO..... Looking to buy once it gives Round Bottom BO
