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Shree Renuka Sugars LimitedShree Renuka Sugars LimitedShree Renuka Sugars Limited

Shree Renuka Sugars Limited

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Renuka – Weekly Chart Analysis | High Risk – High Reward SetupPotential Long-Term Reversal Zone | Buy on Big Dips Approach RENuka has been in a prolonged corrective downtrend since the peak around ₹68–70, but price is now testing a significant multi-year support cluster. The stock is trading near demand levels where strong reversals have occurred historically. 🔍 Technical Summary Current Position Trading near long-term channel support & horizontal demand zones. Major support bands lie between ₹28 – 24 – 22 Stronger support zone below lies around ₹17 – 11 – 8 Structure Price is almost completing a base formation. Any bullish reversal pattern from here could trigger a strong upside retracement. RSI is near oversold zone, indicating weakening selling pressure and potential reversal. 🛒 Accumulation / Buy Zones Zone - Comment ₹28 – 24 - First strong buy zone / reaction expected ₹22 – 17 - Deep correction / highest value zone ₹11 – 8 - Extreme pessimism area – long-term investor zone 📌 Low-risk entries generally happen when price reaches these cycle support levels. 🛡 Stop-loss & Invalid Level Below ₹5: long-term view invalid & further weakness possible Historical bottom area ₹3.25 is the absolute support line Holding above this region supports a reversal structure. 🚀 Upside Target Projections Target - Area ₹35 – 43 - Initial bounce zone / resistance ₹50 – 57 - Main breakout zone ₹78 – 85 - Long-term target zone if trend reverses Breakout above ₹43 will be the strongest confirmation of trend reversal. 📈 RSI Commentary RSI currently hovering near oversold region. Buying strength increasing on dips. Previous reversals from similar RSI levels led to strong rallies. Bias & Strategy 🟢 Primary View: Buy on dips only Best opportunities occur around ₹28 → ₹24 → ₹22 → ₹17 Long-term bullish only above ₹43 🔴 Alternate View Close below ₹5 may extend bearish trend significantly. 💬 Question for Followers Do you see RENuka forming a reversal base or still more downside left? Comment “Reversal” if bullish or “More Down” if bearish 📩 ⚠️ Disclaimer Educational chart analysis only, not investment advice. Do your own research & risk management.
NSE:RENUKALong
by kacraj
Shree Renuka Sugars Update (07 Sept 2025)CMP: ₹32.13 Recent Action: Huge spike in early Sept on massive volume (12.4M+) Trend: Fresh momentum after long consolidation. Moving Averages: 20 EMA: ₹31.00 → acting as immediate support 50 EMA: ₹30.21 → strong base 200 EMA: ₹30.00 → long-term floor Stock is holding well above all key EMAs → bullish bias. Chart Setup: Stock gave a volume breakout above ₹30, tested ₹34, and is now consolidating. Strong bullish candle recovery after dip → indicates demand zone around ₹31–30. Volume: Sudden spike in participation → confirms breakout was genuine, not random. 6 3. Trade Ideas 🔵 Swing Traders (Short-Term) Buy Zone: ₹31.20–32.00 Target 1: ₹34 Target 2: ₹36+ Stoploss: ₹29.80 🟢 Positional Traders (Medium-Term) Hold/Add: As long as ₹30 holds Targets: ₹38 → ₹42 Stoploss: ₹28.50 ⚠️ Risk note: A breakdown below ₹29 will weaken momentum and trap late buyers. 4. Community Takeaway 👉 “Renuka Sugars has finally woken up after months of sleeping. Breakout above ₹30 with heavy volumes is a game changer. This could be the start of a trend move if ₹30 support is respected.” ✅ Traders: Focus on ₹31 as key pivot. ✅ Investors: Accumulate gradually – sugar sector often moves in cycles, and this could be the early leg.
NSE:RENUKALong
by iampatilkishor
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.
NSE:RENUKALong
by sreekumars
5
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 😊
NSE:RENUKALong
by ajnil87
#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 -4.420
NSE:RENUKALong
by SkyTradingZone
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%
NSE:RENUKA
by Kapil-Mittal
3
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.
NSE:RENUKALong
by Karanshah137
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 returns
NSE:RENUKALong
by iampatilkishor
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.
NSE:RENUKALong
by TradingSutra