can give a 20% upmove above the doji ,looks like got important support .
WHAT IS RELATIVE STRENGTH ? (RELATIVE STRENGTH is different from RELATIVE STRENGTH INDEX) Comparing the performance of an individual stock to a benchmark index like the Nifty can help gauge its relative strength. The concept behind dividing the stock's performance by the Nifty index is to normalize the data and provide a measure of how the stock is performing...
RENUKA looks hot above 54 planning to enter at 54-55 range 25% SL since its a monthly breakout 80-100% TP very much possible if market doesn't turn bearish
SHREE RENUKA SUGAR is break the trend line ,price crossed 200d-MA,TARGET-56RS Disclaimer: For educational purposes only
📊 Script: RENUKA 📊 Sector: Sugar 📊 Industry: Sugar Key highlights: 💡⚡ 📈 Script is giving Ascending Triangle Breakout as shown in chart. 📈 Script is trading at upper band of BB and giving breakout of it. 📈 Already crossover in MACD. 📈 Double Moving Averages is giving Crossover. 📈 Volume increase along with price. 📈 Right now RSI is around 65. ⏱️ C.M.P 📑💰-...
📊 Shree Renuka Sugar Near support zone Looking good for short-term Stop loss 40 closing basis daily Tgt 60+ Bullish for long-term No SL Tgt 125+ Keep on radar
Renuka CMP 44.80 Weekly Time Frame Showing Harmonic Pattern Current Level Entry at 42.35 and its target 1 53.34 target 2 65.59 stop loss 31.32
Above 59 breakout Target 68, 76, 88 Levels. SL : 48 Risk is yours and Reward is too yours totally Time Frame : 1to3 Months
Weekly narrow CPR and tmw ascending CPR if 9:15 candle 15 mins candle can close above CPR , then its a good sign of trend changing safe entry after 48.10 , were it crosses monthly CPR SL 46
Sugar stocks seem to be rising after a brief downtrend, looks interesting.
--swing trade --Good for long run --sugar sector in focus --Cup and handle pattern in 1H TF --enter after breakout with good volume --personal view in Bull Disclaimer: - The view expressed here is my personal view - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind...
📊 Details Incorporated in 1995, Shree Renuka Sugars Ltd does manufacturing and refining of sugar, ethyl alcohol, ethanol, generation and sale of power Disclaimer: This analysis Is intended solely For educational purposes And does Not imply that I am a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your...
Buy renuka sugar cmp 54 for target 65-80+++++ CONFLUENCE- BOS,+OB,OTE,FVG TAKEN
NSE:RENUKA one can research this setup for 60% to 100% gains in coming months gave breakout on weekly timeframe at 50, then made high of 55 retested 50 zone this week and now back to 55 cmp is 55 This analysis is being done for educational and knowledge-sharing purposes. This article does not offer any kind of buy or sell advice. All stocks are positional and...
Shree Renuka Sugars is overstretched and prices may turn around; watch for signs of reversal. RSI and Price divergence is noticed on daily charts. Conclusion: Downtrend looks minimal before reaching targets. Note for everyone who came across this reference: This chart analysis is only for reference purpose. This is not buying or selling...
MULTIBAGGER STOCK. BUY SHREE RENUKA SUGAR 🤩🤩🤩 CMP- 55 TARGET- 100,150,200 NO STOP LOSS (Will update) ADD IN DEEP BETWEEN 35 TO 45. SECTOR- SUGAR. Looks like a Cup & Handle pattern is form. PROMOTED BY WILMAR GROUP. (SINGAPORE) SHREE RENUKA SUGAR is one of the largest ETHANOL producing companies in india.it is one of the world's largest SUGAR...
Sugar sector is in sweet spot. Watch out this space as the cycle is turning around for Sugar companies. Many factors affecting it-Globally sugar pricing were highest ever, this year production of sugar is very less due to bad monsoon, Ethanol story is playing out very aggressively. So, choose your bet according to your risk appetite.
the chart is shaping up well. with sugar prices firming up and scanty rainfall in major part of country, the prices could go up and share price can do well.