DHAMPUR SUGAR MILL NSE:​DHAMPURSUG

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.

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.

STOP AT 137..TGT 172 ABV 153

A STRONG REVERSAL PATTERN

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

Supply & demand zone study based on monthly chart

watch

If closes above 137.70, intermediate can be 200

test

CABINET MEETING TO ALLOW EXPORT RELIEF TO SUGAR INDUSTRIES

BUY ON dips till 115 . Tgt 150+

.... Levels mentioned in chart

at 92+ SL 86 Tgt 100

Buy abv 90 SL 83 Tgt 97-100

Accentuated buying in sugar stocks resulting from hopes of goverment action to increase sugar prices at the time of decreased production. Hence reduced supply and heightened demand. target-113 stop loss- 93

Accentuated buying in sugar stocks resulting from hopes of goverment action to increase sugar prices at the time of decreased production. Hence reduced supply and heightened demand. target-99.5 stop loss- 74

Short Below 90 if you get a 15 min close, with stops at 93 for potential of 83 region

A stock that is hitting new lows while the rest of the market moved up is a sign of clear weekness. Sell with a stop at recent high of around 150