NSE:KMSUGAR is looking on the verge of a breakout. A stop loss at Rs.42 would do well in this case. This is a pure technical chart structure sort of a pick and hence, following the stop loss is very crucial. For investors/traders already holding, keep a stop loss at 36-37.
NSE:KMSUGAR
K.M. Sugar Mills Ltd. Is engaged in the manufacturing of sugar. It manufactures white crystal sugar, which is used for human consumption and in the industries, such as food, beverage and soft drinks.
TTM EPS: 4.43
TTM PE: 9.44
Sector PE: 20.61
Book Value Per Share: 23.20
P/B: 1.81
Face Value: 2
Mkt Cap (Rs. Cr.): 384
Some Positives:
...
good risk-reward ratio trade
targets are given in the chart
it is a really bullish pattern
The last time I analyzed ELECTCAST stock which has the same pattern & gives around 29%
you can check out 12 Jan 2022.
Prime Minister Narendra Modi on Saturday said the target of 20% ethanol blended petrol has been preponed by five years to 2025 and the government has identified 11 sectors that can leverage resources by recycling them through modern technology. This has lead to the increase in the price of Sugar stocks , PE ratio of the componat is 10.10 as compared to the sector...
Prime Minister Narendra Modi on Saturday said the target of 20% ethanol blended petrol has been preponed by five years to 2025 and the government has identified 11 sectors that can leverage resources by recycling them through modern technology. This has lead to the increase in the price of Sugar stocks , PE ratio of the componat is 10.10 as compared to the...
KMSUGAR have given weekly breakout
You can enter at 15rs around or retest of the breakout line
and your SL is 14 closing basis
All the information is education purpose only Do your own research also
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Hidden gem.. Monthly ADX,MACD,CCI and RSI positive helps to move further levels on upcoming days/Weeks. Apart from technical, last 2 quarterly results also improved. It can zoom at any time.
Safe trade: Buy above 13.1
CMP:11.9
Vijayaraghavan.K,
Kovilpatti
KMSUGAR have created rallies previously in the direction of closing side of 50DSMA, confirming it as a strong S&R line.
If it sustains above upper line of channel i.e. near 24.5 - 25, one can enter long with sl at 23 and trail with sl.
13DEMA crossover with price action from above will be a sign of bearishness and a good exit point only if this creates a rally...
