With ethanol story picking up and firm domestic and export sugar realisations, this company can come out of its long consolidation mode. Watch out this breakout, trend line and MACD both are signaling positive signs !
Emerging market indices seems to have already given this signal,
US Fed meet might provide the trigger
Interesting juncture, will it be consolidation or quick correction ?
Breakout from downward trend and crossing a hurdle on retracement !
Fundamentally sector is having sales traction & company has very low leverage on consol basis,
Beneficiary of Maharashtra Govt Pro Real estate policy...
PS - This is not Reco to BUY, but stock to look at with positive bias...Do your own work
Watch out: Beautiful Breakout with Low downside , Good dividend yield as well !
PS - This not a reco to BUY but do your own study , charts are signalling that its worth a look
Seems an interesting break out....still available at a price first reached 5 years back !
P.S. This is not a reco to buy but shared for review & observation from fellow expert chartists
Very interesting company , play on higher tractors demand & turnaround in HCV decent Q2 results
& it seems to have come out of long downtrend
Disclaimer - Its not a recommendation to BUY but idea worth tracking
