DALMIA BHARAT SUGA NSE:​DALMIASUG

DALMIASUG Buy at 106-107 Stop-loss: 93.85 Target: 138 Risk 11.50% & Reward 30% RR Ratio 1 : 2.63 Ascending Triangle - Continuation Pattern With its “flat-topped” shape, the ascending triangle indicates that buyers are more aggressive than sellers. The ascending triangle forms because of a supply of shares available at a fixed price. When the supply depletes, ...

FUNDAMENTAL + TECHNICAL

Wave (5) started (1) and (4) non overlapping Pinbar range broken with strength

DALMIASUG:106 Technically weak now, huge volume but doesn’t look like a any accumulation here, it may find support around 92.Fundamentals are improving, like, it improved sales and profit. Debt is reducing. But it will have all the seasonal distress like all in sugar' industries. Market Cap.: ₹ 871.02 Cr. Book Value: ₹ 96.75 P/E: 4.86 Dividend Yield: ...

The stock is testing the 365 day exponential moving average line. One can take a positional long trade once the 145 level is broken targets are as per the fibonacci retracement the final target is 175. Fundamentally strong stock.

Price action could take bullish reversal owing to candlestick as seen from core support levels after prolonged downtrend as seen earlier RSI also seen to be taking rebound from "oversold" zone Aiming for short term for Target 1 and 2 thereon after entry confirmation and thereafter, resistance (C) levels Rest in charts..

DALMIASUG can be added between 183-188 range, and hold with Sl of 175 (on closing basis)

Scrip can take reversal and aim towards 52-week highs if bullish momentum continues as happened in the past post company posting good quarterly results however, subject to Nifty not showing major corrections http://www.indiainfoline.com/article/capital-market-hot-pursuit/dalmia-bharat-sugar-hits-52-week-high-after-strong-q3-earnings-117013100328_1.html Quarterly ...

Has started to show trend reversal near pivot line TP = 185,190 SL =150

stock has very important support zone between 162- 168 , buy with 162 sl for 200+ level. breaking support can see a fall till 130.