📊 DETAILS
Sector: Sugar
Mkt Cap: 1,665 cr
Dhampur Sugar Mills (Dhampur) is one of the leading integrated sugarcane processing companies in India. Our continuous and often pioneering efforts to harness the full potential of sugarcane has enabled us to expand our portfolio beyond sugar to include renewable power, fuel ethanol, alcohol, extra neutral alcohol,...
Rule 1 : Respect Target & Stoploss.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : SL on Day Close Basis
Rule 4 : On result day trail your SL at 15Min Time Frame
long term horizontal support zone with double bottom
trendline break on chart
after trendline break accumulation start by a pattern of bull flag with volatile contraction
may be an entry point by 25% then pyramiding upto top resistance zone or more (decide at that time)
DHAMPURSUG can gain momentum from this institutional buying zone.
If you make a buying position, do follow risk management & maintain appropriate position sizing.
Disclaimer: This is an educational post & not a recommendation.
📊 DETAILS
Sector: Sugar
Mkt Cap: 2,001 cr
Dhampur Sugar Mills (Dhampur) is one of the leading integrated sugarcane processing companies in India. Our continuous and often pioneering efforts to harness the full potential of sugarcane has enabled us to expand our portfolio beyond sugar to include renewable power, fuel ethanol, alcohol, extra neutral alcohol,...
DHAMPURSUG can gain momentum from this institutional zone.
If you make a buying position, do follow risk management & maintain appropriate position sizing.
*Never buy at the breakout level. Instead, always buy at a discounted price.*
Disclaimer: This is an educational post & not a recommendation.
#Dhampursugar
CMP - 317.60
Dhampur Sugar Mills is one of the leading integrated sugarcane factories in India. Improving fundamentals with increasing revenue and net profit for past quarters. Stock is now at its 52 week high. FIIs are increasing their holdings. Now stock broken it's 1 year and 6 months long resistance trend lines. Waiting for a retest. If it...
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
Detailed View about this Breakout:
No.of Resistance: 5
No.of Support: 4
Consolidation Days: 450+ Days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis.
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.
BUY - DHAMPUR SUGAR MILL
CMP - Rs. 281
Target - 1: Rs. 376
Target - 2: Rs. 463
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Timeframe - 2 months - 6 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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#DhampurSugar showing good strength bt still in a zone. Can be taken if comes out of this zone means abv 295 closing. Sugar sector is good for festive season and govt thrust for blending in fuel. Please do your own study before investment.
- Broke out of the year-long accumulation and is now moving up
- Forming a range on LTF
- Should move higher over the next few months
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
1. Chart -> Dhampur Sugar Daily
Breakout with volume!
CMP: 292
Good Range To Buy: 280 to 295
Targets: 320, 360, 390
SL: 266 Daily Close
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.
Buy above 270
SL 249
Target 375
Disclaimer - This is not a buy and sell tip,it's only for educational purpose analysis.we are not responsible for your profit and loss.
