Shree Renuka Sugars LongWith ethanol story picking up and firm domestic and export sugar realisations, this company can come out of its long consolidation mode. Watch out this breakout, trend line and MACD both are signaling positive signs !
RENUKA trade ideas
Renuka Daily Analysis_31/08/20a. Zone: Strong Bull
b. Resistance 1: 10.20
c. Resistance 2: 10.45
d. Support 1: 9.95
e. Support 2: 9.8
NSE:RENUKA
Renuka Sugar CMP is 15.90 will hit 20 within 3 days.Renuka Sugar CMP is 15.90 will hit 20 within 3 days. For short term cash segment
RENUKA: Is More SWEETNESS ....... Shree RENUKA SUGAR ?All Mentioned & Plotted on Chart.
Notice "RISK" & "REWARD".
Not belief in Multi-Beggar Concept,
But in Investment point of View Good for Short - Mid - Long term.
Education Purpose only.
For trade decision consult with Financial advisor.
Shree Renuka Sugar: Enjoy the sweetest thing...!!!Shree Renuka Sugar
CMP 15.66
On 21 June, when stock was @ Rs 13, we highlighted how chart is indicating good times for Renuka Sugar is round the corner...
Well today the stock is up 20%...
No one can time the market.... but when time comes you can surely make the most of it...
All we need to do is...
- Do our homework...
- Identify key levels
- Understand Risk Reward ratios
- Be ready with a Plan &
- let the story unfold itself...!!
Study and Patience are 2 key things...
Enjoy your week end
Take care & happy investing..!!!
Shree Renuka Sugars: The Sweetest thing...Shree Renuka Sugars
CMP 13
Stock is giving signs of reversal from important support level...
Sustaining above 13.2 can add momemtum and take the stock to 14.35 in short term
The stock looks good for accumulation from long term perspective also
Do review your trading plan and plan your trade accordingly...
Take care & safe trading...!!!
Shree Renuka SugarsBreakout from symmetrical triangle on high vloume has run into a rectangle consolidation pattern with low volume.
Will renuka sugars reach 24 levels by Feb 2017. SL below Rs 14.
Renuka Sugar- Final Leg Till 18.03 with critical low@15.40Current Wave -'v" opening up as a-b-c wave. here c-wave will equal a-wave at 18.03 with critical low @15.40 - Any move below 15.40 shall the end the pattern
Renuka Sugar- Sugar taking time to melt
In one sense it is good that sugar is taking time to melt because it won't affect our health & we can feel its sweetness as well.
From last update- prices has been struggling in the zone 15-16. Likely, we are close to do some trending move upside with key support at 14.90. Initial Target could be 18.40-18.50 & beyond that it should be looking an area of 19.50-19.90.
Renuka Sugar- Can Sugar Turn into Honey?Follow up from previous update- "Renuka Sugar- Looking for small rally & big Fall"-- If RS moves above 17 mark -it will confidence the up move & should carry to 18.50-19 Handle Zone.
Regards,
Abhishek H.Singh, CMT
Renuka Sugar- Looking for a small rally & big fallIn terms of price Renuka Sugar has done nothing since Aug 2015 bottom at 7.10- Its seems that a leading diagonal is forming in sugar- we shall for a small rally to complete the diagonal & then a fall close to 8-10 (retracing almost 80-90%) not below the low@7.10- shall set the stage for fire.
