#DHAMPURSUG 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.
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Descending Triangle is formed in DHAMPURSUG
Levels are on the chart. Expecting the stock to continue the uptrend. Stock BO with good volume and retested the levels. I will go with the SL mentioned on chart.
Check linked chart took it 3 days back there will be continues circuit on this share ..
DHAMPUR SUGAR MILL - LONG - Weekly chart breakout
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If it is able to close above 229.50 on 13th Nov. or earier, the stock is likely to turn bullish
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.
Unless it recoups a level of 218 immediately on closing basis, the stock may drift down to 190 in the next couple of weeks. For any bullish movement