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UTTAM SUGAR MILLS Heading towards 200
1:4 RR trade for short term
1st target ---200
TOP 10 SUGAR Stocks , almost identical chrts, making rounding bottom after long term downtrend, after the Ethanol Price Hike news.
Can Ethanol revive the sugar sector?
BAJAJ HINDU$T@N -->
AVADH SUGAR ...
Pinbar range broken with strength
Bottom is confirmed
Wave (5) started
CCI (D) starts momentum
One Can look for Sugar stocks for Investment. Looking good for Investment.
Undervalued Stock , Top Line and Bottom line very good since 3 qtrs.
All levels in chart .
Beautiful Pennant pattern gave breakout with higher volume two days ago. It is retracing which offers a good opportunity for short term gain. Mostly the Pennant is formed in half way which means that price may move as much as before forming the pattern. Stop Loss 68 Target 85. Risk to reward ratio is quite reasonable.