Renuka Sugar- Final Leg Till 18.03 with critical low@15.40Current Wave -'v" opening up as a-b-c wave. here c-wave will equal a-wave at 18.03 with critical low @15.40 - Any move below 15.40 shall the end the pattern Longby WaveTalks4
Renuka Sugar- Sugar taking time to melt In one sense it is good that sugar is taking time to melt because it won't affect our health & we can feel its sweetness as well. From last update- prices has been struggling in the zone 15-16. Likely, we are close to do some trending move upside with key support at 14.90. Initial Target could be 18.40-18.50 & beyond that it should be looking an area of 19.50-19.90.Longby WaveTalksUpdated 3
Renuka Sugar- Can Sugar Turn into Honey?Follow up from previous update- "Renuka Sugar- Looking for small rally & big Fall"-- If RS moves above 17 mark -it will confidence the up move & should carry to 18.50-19 Handle Zone. Regards, Abhishek H.Singh, CMTLongby WaveTalks445
Renuka Sugar- Looking for a small rally & big fallIn terms of price Renuka Sugar has done nothing since Aug 2015 bottom at 7.10- Its seems that a leading diagonal is forming in sugar- we shall for a small rally to complete the diagonal & then a fall close to 8-10 (retracing almost 80-90%) not below the low@7.10- shall set the stage for fire.Longby WaveTalks3