All observations on chart. All sugar stocks are zooming. Uttam sugar has formed a large falling wegde, bullish pattern. After breaking out stock is sideways for almost 4+ months with increased volumes, this shows accumulation is going on. Expecting a breakout soon here. Entry will trigger above 116. RR is more than 1:1. To make it more favorable one can enter...
uttamsugar chart analysis for intraday and swing trading
uttam sugar mills given channel breakout in day chart ,can give good move after retesting its support
NSE:UTTAMSUGAR Levels are Mentioned in the chart... Look for Swing.... Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for...
Volume breakout Crossed support Above WMA RSI ahove 60 Can easily give target.
12 week cup with high handle. Its also 3 week tight formation. so may give BO in current week. Good fundamentals. Good above 100 which is BRN and also pivot. only thing to consider is 200 WMA at 110 where it may face resistance.
triangles are one of the trickiest formations in trading, sometimes even if its gives breaout it reverses, so kindly place strict sl, support my views
My wave analysis suggest a good buy is developing on DTF and could double your money by this year end itself. Will take on proper trade reversal on 1H setup. Happy Trading.
Buy cmp or from 93 to 91 daily clbs sl 88.6 tg 98.4/103.5/107.2
Somethings buzzing in sugar stocks, given the formation of BULLISH PENNANT in few of the sugar stocks, seems something sweet is in the offering soon. However hold on your Horses, before jumping to trade it. All the sugar stocks viz. Dhampur, Dalmia & Uttam have formed Bullish Pennant, however we need to wait for a confirmation, before Buying the Sweetner.
UTTAMSUGAR is a buy on NSE (UTTAMSUGAR) at 148 with SL of 137 and Target of 220
UTTAM SUGAR MILLS Heading towards 200 1:4 RR trade for short term SL--- 91 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 --> RANA SUGR--> RAJSREE SUGR--> AVADH SUGAR --> DALMIA BH@R@T SUGR--> DHAMPUR SUGR--> BALRAMPUR CHINI --> SIMBHAOLI SUGR--> PONNI SUGAR --> UTTAM SUGAR-->
Pinbar range broken with strength Bottom is confirmed Wave (5) started CCI (D) starts momentum