If it can close above 226.25 tomorrow, it will be out of bearish shadow of previous high and will exhibit fresh bullishnaess in short and intermediate term
Dhampur is likely to find support between 182 to 188, depending on the timing. May try to turn bullish in the first week of July, if not earlier.
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...
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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.
A cup and handle pattern will be complete on close abv 179.30 But with tgt of 218/270 and stops at 160