#DHAMPURSUG WEEKLY CHART VIEW!!
Dhampur Sugar Mills Ltd. bounced from the lower end of a range and likely to see fresh momentum either side of the range 130-165 zone.
Probable support zone comes at 130-135 zone and probable resistance zone at 160-165 zone.
Technical parameters looks neutral as of now.
Keep a watch
Dhampur Sugar Mills Ltd. faced resistance from the convergence of 50 SMA and weekly resistance zone. Likely to see short term resistance from 160-165 zone and made a pullback to the breakout area. Likely to see bounce in the short term until it holds 140-143 zone. Technical parameters looks neutral as of now. Keep a watch.
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
DHAMPUR SUGAR is showing a Flag & Pole Chart Pattern. Showing a Breakout GREEN CANDLE.
Target 1 : Rs. 240
Target 2 : Rs. 260
STOP LOSS : Rs. 205
Always Remember TWO Points in Share Market.
1. ALWAYS PUT STOP LOSS TO PROTECT YOUR CAPITAL.
2. ALWAYS REMEMBER Point No.1.