Fundamentally there is nothing encouraging here however, purely on technical basis, this stock seems to be ready for a big move. RSI breakout is an early indication, and the relative strength of the stock seems to be in a very sweet spot. A triple bottom is adding confidence to this Low-Risk High Reward setup.
#SakthiSugar showing a multiyear BO after 2018. CMP 23. Maintining a good volume and can be taken for 40/60% upside in next few months. SL 20 closing basis.
NSE:SAKHTISUG Trading in the Flag pattern, expecting to give breakout this week Buy with Stoploss - 20 Target - 26, 29, 32
As per chart, Sugar sector looks bullish As per Trendline pattern, buying can be started from 20 levels till 18 Target 28-44+++
#SakthiSugar CMP 28 BO on longer TF charts. Seems ready for good upside for 35/45/55 Funda not that good but may turnaround as Sugar prices increasing and petrol blending is increasing.
Sugar stocks are seeing a good rally. Can be added for short term (CMP 13.05)
CMP 9.75 SL 5.5 ON CLOSING BASIS TARGETS 16.35/24.80/30.60 AGGRESIVE TARGETS 36.50/43.70/50+
Please enter the trade once u get a proper breakout or reversal from the levels, Do not hesitate to contact me with any queries. Thanks