UTTAMSUGAR : Nice Medium term setup for BUYMy wave analysis suggest a good buy is developing on DTF and could double your money by this year end itself.
Will take on proper trade reversal on 1H setup.
Happy Trading.
UTTAMSUGAR trade ideas
Sweet Buzz in the Sugar StocksSomethings 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.
UTTAMSUGAR: BUY at 148, SL 137 TGT 220UTTAMSUGAR is a buy on NSE (UTTAMSUGAR) at 148 with SL of 137 and Target of 220
UTTAM SUGAR MILLS Strong Trend breakoutUTTAM SUGAR MILLS Heading towards 200
1:4 RR trade for short term
SL--- 91
1st target ---200
TOP 10 SUGAR Stocks Reviving?TOP 10 SUGAR Stocks , almost identical chrts, making rounding bottom after long term downtrend, after the Ethanol Price Hike news.
Can Ethanol revive the sugar sector?
BAJAJ HINDU$T@N -->
RANA SUGR-->
RAJSREE SUGR-->
AVADH SUGAR -->
DALMIA BH@R@T SUGR-->
DHAMPUR SUGR-->
BALRAMPUR CHINI -->
SIMBHAOLI SUGR-->
PONNI SUGAR -->
UTTAM SUGAR-->
#UTTAMSUGPinbar range broken with strength
Bottom is confirmed
Wave (5) started
CCI (D) starts momentum
UTTAMSUGAR InevstingOne Can look for Sugar stocks for Investment. Looking good for Investment.
Undervalued Stock , Top Line and Bottom line very good since 3 qtrs.
All levels in chart .
Flag (Pennant) Pattern Long !Beautiful Pennant pattern gave breakout with higher volume two days ago. It is retracing which offers a good opportunity for short term gain. Mostly the Pennant is formed in half way which means that price may move as much as before forming the pattern. Stop Loss 68 Target 85. Risk to reward ratio is quite reasonable.
