SHREE RENUKA SUGARS LTD. stock forum
RENUKA looks good as positionally trade from here, stock has taken perfect support from falling resistance trendline, right now stock is trading inside the bullish flag pattern. Please follow strict stop loss in it.
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 trades
RENUKA #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
