Looks good to buyLevels are on the chart. Expecting the stock to continue the uptrend. Stock BO with good volume and retested the levels. I will go with the SL mentioned on chart.
DHAMPURSUG trade ideas
Yesterday prediction today’s upper circuitCheck linked chart took it 3 days back there will be continues circuit on this share ..
ConsolidatingIf it is able to close above 229.50 on 13th Nov. or earier, the stock is likely to turn bullish
DHAMPUR SUGAR ....Bullish Breakout could take this Stock HigherDHAMPUR SUGAR is showing a Flag & Pole Chart Pattern. Showing a Breakout GREEN CANDLE.
Target 1 : Rs. 240
Target 2 : Rs. 260
STOP LOSS : Rs. 205
Always Remember TWO Points in Share Market.
1. ALWAYS PUT STOP LOSS TO PROTECT YOUR CAPITAL.
2. ALWAYS REMEMBER Point No.1.
Resistance is becoming unsurmountableUnless it recoups a level of 218 immediately on closing basis, the stock may drift down to 190 in the next couple of weeks. For any bullish movement
Near breakout If it can close above 226.25 tomorrow, it will be out of bearish shadow of previous high and will exhibit fresh bullishnaess in short and intermediate term
BearishDhampur is likely to find support between 182 to 188, depending on the timing. May try to turn bullish in the first week of July, if not earlier.
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:
