DHAMPUR SUGAR MILL NSE:​DHAMPURSUG

DHAMPURSUG pennant

Something is 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...

Support 180, target 286

All the analysis described in the chart If u think its knowledgeable pl like and follow for regular updates.. 20% return in 1 month..

Support around 180, target 300 and above in intermediate term

Wait for a downfall then invest near 165 for upside potential of 29%, stop loss at 135 on1 day closing basis.

Testing

Support is at 165, Resistance at 260

A cup and handle pattern will be complete on close abv 179.30 But with tgt of 218/270 and stops at 160

Stops at 160..tgt 180 /190

...Levels mentioned in chart

Stops at 160 Tgt 200-220

Buy with stops at 160 ...tgt 200+

As per charts.

If Dhampur remains above 168.5 on closing basis and remains bullish the next target will be 265 where it will meet 1/2 resistance angle.

A STRONG REVERSAL PATTERN

With current volumes and moving average cross overs, it seems likely that this stock in short term is about to touch 215-216 levels. A short term resistance at 170-172 levels need to overcome though.

Dhampur sugar - CnH SL-137, Can test 210+.