Long entry can be taken for the next level of 150 in the stock. Stock is in the uptrend & in very bullish mode. Trading at the lifetime high. Break out can be seen on charts. This is for your educational purpose only.
UGARSUGAR -- Look at the trend from Feb - 2023 onwards.
Feb10th - Financial results
Currently stock crossed the trend line, high on momentum, Daily RSI > Weekly RSI > Monthly RSI
Trading above all moving average indicators.
Add to watchlist --
Bought #UGARSUGAR yesterday at 116 on multiple trials to break out from a resistance. The base has a good rounding bottom structure with increase in average volume.
ABOUT COMPANY:-
Incorporated in 1939, The Ugar Sugar Works Ltd. is engaged in the manufacture and sale of sugar, industrial and potable alcohol, and generation and distribution of electricity.
Primary trend of Ugar Sugar Works has been bullish, as stock is holding above long term moving averages. We have seen also a downward slopping trendline breakout on daily...
Fast momentum expected in #UGARSUGAR
Reason:
1. Good uptrend
2. Retraced and now confluence of supports and EMAs
3. Price contraction
Tomorrow a good start can lead to rally.
#stockstowatch
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
Stock Name - The Ugar Sugar Works Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 110
#This is not Buy and Sell recommendation to any one. This is for...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Stock Name - The Ugar Sugar Works Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 104
#This is not Buy and Sell recommendation to any one. This is for...
NSE:UGARSUGAR
✅ #UGARSUGAR - Trading above Resistance of 96
✅ Next Resistance is at 151
✅ Pattern as shown in chart
Related chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration...
ugarsugar has already in very strong bullish rally but seen in consolidation from some time now the show will begain again . track with sl - 76 and target of 110/129/150+
Stock came back to zone in last month where it traded in high volume in march 2022
and settled for some days and
now it broke the ATH resistance with huge volume
