Channel breakout in Andhra sugars#ANDHRA SUGAR 385(WEEKLY) look good for 450/500
-Channel breakout happening
-huge volume addition
-sugar sector firing
#DISCLOSURE : shared personal view only. Keep suitable sl accordingly.
ANDHRSUGAR trade ideas
Andhra SugarAndhra Sugar
Cmp = 386.10, SL = 271, Tgt = 688
Ema are opening suggesting start of bull run.
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Inverted Head and shoulder A clear inverted H&S pattern breakout on weekly chart with increased volumes. The CMP is 386. The strategy should be to buy on dips near 365. Disclaimer : It is just a view. I am not suggesting any investment or trading. Consult your financial advisor before taking any call.
BUY IT WHEN IT WILL COME BACK TO 350 TO 360 LEVEL FOR LONG TERMTHERE IS GOOD DEMAND ZONE IN BETWEEN 360 TO 350......
ANDHRA SUGARSNote:
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Reverse Head and Shoulder in Andhra SugarsReverse Head and Shoulder in Andhra Sugars
For Educational purpose only
Trade at your own Risk.
beautiful head and shoulder patternthis chart has shown a beautiful head and shoulder pattern this chart can give breakout any time
buy after break out extremely bullish for this stock
buy buy buy!!!!!
targets and stop loss mentioned
it s a weekly chart targets will be achieved in the span of 3 months to 10 months
ANDHRASUGAR | Precious breakout from channelANDHRASUGAR | Precious breakout from channel
CMP : 358
SL : 340
Target : 415,470
Andhra Sugars, Price range narrowing since 10 months.All observations on chart.
Upper Trend line, if this trend line tested 8 times more than lower trend line. So if this line is crossed price will move sharply as compared to lower trend line as it is tested fewer times (4 times).
Over the 10 months narrow range volumes have increased significantly compare to 2017 up move.
Overall if you want to play out this breakout you can attempt a breakout trade by going long as it is much closer to lower trend line & more power will be on long side only.
As mentioned above SL is around 285-290 range. Risk is very low around 9%
Plan your trade accordingly & be ready for downside if it breaks lower line, chances are lower for breakdown.
ANDHRA SUGAR looking good on weekly chart.ANDHRA SUGAR is looking good on a weekly chart, breakout had come with volume confirmation candle. My view on this stock is full bullish but I'll wait for the break level of Rs 350. Once successfully close the daily candle on above 350, I'll enter in this stock for at least 6-8 months of holding period. Stop loss and targets are mentions in the chart.
ANDHRA SUGAR - Swing above 360Andhra Sugar is near a good resistance zone. Target levels mentioned on the charts.
Trade as per your risk management. This is just an analysis
ANDHRA SUGAR - Swing above 360Andra Sugar is near a good resistance and can break out above 361. Target levels mentioned on the charts
Trade as per your risk management. This is just an analysis
LONG ANDHRASUGARANDHRASUGAR IS IN BULLISH WOLFE WAVE VIEW FOR LONG CMP 287 TOWARDS 308/335 VIEW INVALID BELOW 270
ANDHRA SUGAR:- LONG TRADE SETUPANDHRA SUGAR held the support zone.
Bullish candle stick pattern "HAMMER" confirmed by higher close.
Levels mentioned on chart.
Given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’.
"Trade what you see, Not what You Think"
Happy Trading(:)
Long Swing Trade Idea #20 : Buy ANDHRSUGAR Buy ANDHRSUGAR only above 301 with Stop-loss at 273 for first target of 364. Idea is for 15th July 2020 onwards and I will update it if it is triggered or in case it is no longer valid.
Now its time to buy Andhra Sugars?A fundamentally strong share that is undervalued and near to demand zone. Buy can be initiated at 270-285. The target could be 325-350 first followed by 380-90.
Andhra Sugarmonthly :(pink lines)
testing 350 resistance level
next support are 283
weekly : blue lines
trendlines and key resistance area 484 odd levels
daily chart : red lines
finding support at previous resistance line (yellow)
wedge formation
bearish sentiment ending
long to monthly support levels
targets 335,345, 350,367
