Shree Renuka stock has formed a White Marubozu candlestick pattern after a downtrend. The 5 EMA crossed the 8 EMA, MACD Crossover, and RSI trending up. Potential for a good up move if it sustains. #ShreeRenuka #StockAnalysis #BullishTrend
Stock is at support levels. Buy at CMP and on dips towards 42. Important resistance around 63-68. Once crossed and sustained, the stock may head much higher.... Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision...
Stock is rising in a parallel channel on weekly timeframe. It can be considered as a good investment as the price is at the important support trendline. Disc-Not an Investment advice. This is just for educational purpose
simple break-out swing trade for a 7-10% return. enter in the trade after one more positive candle😀.
Trendline Breakout in Shri Renuka Sugars Book profits within the first 30 minutes of the market opening - Try to exit by taking 5-6% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and...
Positional buy entry/ Target Mentioned although portfolio stock can keep with 2 year horizon for 3 to 4X profit Stoploss below 44
Buy at CMP of 62.5 for a target of 68 with a stop loss of 59.5.
Renuka Sugar is making higher low formation with possible breakout and target zone would be 68
Chart -> Renuka Sugar Hourly Renuka has given a good breakout after resisting from same resistance but making higher lows every time. CMP: 59.30 Targets: 63.50, 66.70 SL: 57 hourly close Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
RENUKA:- Stock almost ready to give breakout after 11 years on monthly chart. keep on eye Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all...
Price is trending up, taking the support of the trendline and it has formed a rounding bottom in weekly chart. There are two possiblities. Plan A : Price may sustain 58 - 62 with volume and move to 68,74 and 80. Or it may form a handle,retest the trend line and then from trend line support, will move upside. If the handle formation is bearish and break the trend...
NSE:RENUKA (Swing Trade for 3 to 6 months) Can generate a good ROI has come out from an HRC after a good consolidation.
Renuka Sugar trading in the trend line and forming rounding Bottom on weekly charts, closing above 63 will give high of 88, can buy above closing of Rs 63 on daily basis for short term. Disclaimer: I am not SEBI registered and all the analysis is purely for educational purposes. Not a buy or sell recommendation. consult your financial adviser before entering any trade.
All details mentioned in the chart. Enter W the trade with your own analysis. Learn and earn
A wonderful VCP Pattern breakout and consolidating near ATH levels
Double top formation with momentum on downside. Renuka Sugar has formed double top formation in daily time frame and Longterm investor should be cautious in this stock as major reversal may happen in this stock. Momentum on down side is strong as RSI level is below 40 and volumes has been increasing in down trend. Bullish trade should be avoided in this...
Multiple Higher lows..moving in channel...also cup formation waiting for handle confirmation....after handle formeds and Breakout happend abobe 63.50....it is confirm that this stock goes in long uptrend...
Please note this is for education purpose only. Please do own research before you take a trade.