POSITIONAL TRADE #POSITIONAL TRADE LOOKING GOOD INVESTMENT PROSPECTIVE HOLDING TIME PERIOD 1 TO 3 MONTHS.... CMP 51 Above 52 TO 54 Facing strong Resistance 48 TO 52 ... 📊NSG TRADER📊by NSGTRADER9494114
Inverse head and shoulder Shree renuka sugars make inverted head and shoulder pattern .by jitendragupta6721
Flag Pattern Breakout In Renuka SugarsFlag Pattern Breakout likely In Renuka Sugars, which is developing from last 2 years on the monthly time frame. with rising volume on the upside. target-- 95.00 Stoploss --46.00 Longby Puneet01301
Shree Renuka Sugars Ltd. (RENUKA)Shree Renuka Sugars Ltd. (RENUKA), the current support and resistance levels are as follows: Support Levels: ₹44 and ₹4812 Resistance Levels: ₹53, ₹55, and ₹6012 These levels can help you identify potential entry and exit points for your tradesLongby EmpireCrown1
SHREE RENUKA SUGARAll important points are marked. 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.Longby sreekumars5514
REUKA BULLISHSHREE RENUKA SUGARS LTD is looking strong upside. Entry for swing trade You can go for it after doing your own analysis. entry price target and stop loss has been updated in the chart. ONLY FOR EDUCATIONAL PURPOSE..!Longby tusharshahane7
Renuka Sugars: Symmetrical Triangle Breakout with Volume Spike The stock is forming a symmetrical triangle pattern indicating a potential breakout above 52. The stock is supported by a strong uptrend line and volume spikes suggesting increased buying interest. The sugar sector is again showing strength which adds to the bullish sentiment. A sustained move above 54 could lead to a sharp rally making it an attractive entry point for long positions.Longby Marketik9
Renuka Sugar.. good for swing trading!!Hello 👋 * Stock is in uptrend * On monthly chart its a bull flag pattern made * Price is in downward channel since Apr 22.. now the upper channel is broken last week with huge volume. * Good volumes since few months as it's a healthy buyer's participation. * Latest govt policy related to hike in ethenol prices can be pushed to sugar industry to recover more.. * Previous high was 55 ..if stock sustain above it..then can be touched next pivots as 60 & 62.. * The bracket which drawn on chart is like a demand & supply zone... If stock sustain above it then can be gain positive momentum towards ATH. Ultimately sugar industry all n all Fully depends upon govt obligation.. so be sure that you take minimum risk to protect your capital. It's my view, plz DYOA. No buy or sell recommendation 🙏 Please boost my idea if you find it useful 😉 Thank you 😊Longby ajnil8710
Go long in Shree Renuka sugarIt's trendline breakout in renuka sugar on weekly basis. Closing above 55 on weekly basis can result in Target of 58,63 & 79. Bullish, flag and pole pattern. So plan to go long above 55.Longby Parveen_Verma4
#RENUKA Shree Renuka Sugars has broken out #RENUKA Shree Renuka Sugars has broken out of a bullish cup-and-handle pattern on the weekly chart, signaling strong upward momentum. The stock is trading at ₹53.05, with resistance at *55 and ₹60, and support at *48 and €44. A significant volume spike during the breakout indicates institutional buying, further confirming the strength of the move. Ideal entry point: Around 50-52 for swing traders, with potential short-term targets of *55 and 60. A stop-loss around 48 is recommended to manage risk. SHREE RENUKA SUGARS LTD-TW-NSE 028.30 H30.50 £6.95 €17.05-1.25 -4.420Longby SkyTradingZone5
BUY TODAY SELL TOMORROW for 5% By Kapil-MittalDON’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 the rest of the time they either consolidate or fall Cup and Handle Breakout in RENUKA BUY TODAY SELL TOMORROW for 5%by Kapil-Mittal3316
Renuka Long PositionalDate : 27-09-2024 ------------------------------------- Breakout (PICK RESEARCH TO OBSERVE) Renuka Looks Good Above 54.75 SL 40 Target 62, 89, 82, 110++ Hold Period : Few Weeks Reason for Pick : Breakout, Above 20, 50, 200 SMA Please consult your financial advisor before investing All research for educational purposes only. Longby IOTABHI7
Continuous Accumulation With Consistent VolumesNSE:RENUKA has been Continuously Accumulated with Consistent Volumes in the past 4 Months with Positive Cues on Ethanol on the Domestic Front adding to Brazil's Wildfires on the Global Front. Today it Broke the Consolidation Range with Heavy Volumes. A Close above 54 Levels will have more Upside, and 47 Will be a Crucial Level to Defend the Accumulation Zone is Crucial. Keep a Watch. Check out my other stock ideas below until this trade gets activated, I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.Longby Karanshah1376
Renuka Sugar- 3 months BIg HH LLRenuka Sugar- 3 months BIg HH LL 1) Superb Paattern 2) Expect Breakout in Monthly time frame 3) Returns expected 3 timesLongby saurav0991226
Renuka Sugars. Ready for biggest rally.The technical setup is bullish, suggesting a significant upward move in the short to medium term. Key Points: Entry Price: ₹48.65 (CMP) Stoploss: ₹46 Targets: ₹60, ₹70, and ₹100+ levels. Why Keep an Eye on Shree Renuka Sugars: The stock is showing strength around key moving averages, particularly the 50, 100, and 200-day EMAs. This signals that it has built a solid support base. It has bounced back from recent lows, and with the current upward momentum, there is a high chance of breaking through to new highs in the upcoming weeks. Given the strong support levels, the risk-to-reward ratio appears favorable for both short-term traders and medium-term investors aiming for larger returnsLongby iampatilkishor6
Shree renuka sugar forming a channel ✅forming a wedge like structure ✅good consolidation near upper resistance level ✅looks good only after strong breakoutLongby vishd17036
Renuka Sugar: Inverse H&S formationRenuka Sugar is currently forming an inverse head and shoulders pattern, a classic bullish reversal pattern that often signals the end of a downtrend and the potential start of a new upward move. The pattern is characterized by three troughs, with the middle one (the head) being the lowest and the two outer troughs (the shoulders) being higher and roughly equal. The breakout level is identified at 54, which serves as the neckline of the pattern. A confirmed breakout above this level on strong volume would validate the pattern, indicating a bullish reversal and setting up a potential target of 68. Traders should watch for a decisive close above 54 to enter long positions, with stop-loss placements below the right shoulder i.e. 44 to manage risk.Longby TradingSutra6
Shree Renuka Sugars Date 31.08.2024 Shree Renuka Sugars Timeframe : Weekly Remarks : 1 With respect to recent swing action at stock, it is at support of 61.8% 2 Resistance at 78% 3 Latest swing high at 68 4 Gann 4/1 + 78% are combined resistance 5 Once breaks 55 then target is 68. 23% upside 6 Descending triangle base at 42-44 7 Sideways between 55-44. Don't anticipate and enter in sideways momemt. Regards, Ankur by AnkurSingh0
Turning Bullish: Shree Renuka SugarsOn the weekly chart, the stock has shown strong buildup. RSI and Volume are also rising. If the 50 levels are retained on the weekly closing, we can expect good runup to targets like 57, 65. News: A new government policy that permits sugar mills to generate ethanol from cane juice or syrup for the forthcoming Ethanol Supply Year (ESY) 2024-25 resulted in a delightful surprise for sugar assets on Dalal Street on August 30. Longby shanmurali0
Shree Renuka Sugars Ltd. @ 46.12Sector: Sugar Promoters holding remains unchanged at 62.48% in Jun 2024 qtr 52 Week High 57.25 52 Week Low 36.55 All Time High 123.50 All Time Low 3.25 Book Value Per Share -2.85 Dividend Yield: -- Sector PE 18.59 Face Value 1 Beta 1.14 Mkt Cap (Rs. Cr.) 9,816 Support: 3 Upside can be: 69, 100-116, 142-167, 207-216 NOTE: Not a BUY or SELL SIGNAL. All updates are only for the educational and knowledge purpose.by kacraj9
Shri Renuka sugar keep an eye Shri Renuka sugar Breakout from here. Sl below the trend line. Chart is self explanatory. Please follow the price action & take the trade as per your appetite. The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research. Request your support and engagement by liking and commenting & follow to provide encouragement.Longby peacemaker2024443335
Renuka Sugar may shootRenuka sugar looks sweet and may can touch level of 60 to 80 in comming weeksLongby HarshMantri8
Renuka sugarsRenuka sugars looking good for long term investment, Stop loss and Targets are mentioned.Longby ravi321198