Shree Renuka Sugar - Just look at this tightness at the resistance with high but declining. This is what causes big moves.
My Positional view on Shree Renuka Sugar NSE:RENUKA breaks its resistance. My long term target view is Target 1 : 61 Target 2 : 72 Target 3 : 85.70 My Stop loss will be : 44 only Note: This is my personal analysis, only for learning.
Renuka Sugar consolidating at previous top support since April 2022. Sustaining the same, the stock is most likely to test its previous high and also go beyond it. Type of Trade : Positional Long Trade
A very good resistance in breakout in renuka sugar and they also have big support of rsi bcs a good breakout was also done in rsi with heavy buying Buy it at 51.50 Target 55.60 56.65 59.60 63.20 Sl 41
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Chart pattern looks good, stock is about to give a breakout from trend line. 55-56 looks achievable, Keep a stop loss below 47.50 in this trade.
Through The Chart You Can see after The breakout From The descending Triangle pattern I)Stock is still under a box range also under it 2)after the breakout creating a Rising wedge pattern Considering Both the points...Stock is now as on 25/7/22 under a very indecisive and critical area which can lead us to the following possibilities 1)Stock Will Consolidate...
Close above 54 will lead to 60 zone fast After correction and consolidation stock is coming out with volume Ethanol blending is story to play
Here we analyze the price chart of Renuka Sugar. you can take a look at our analysis and customize your own trade.
has the highest capacity for Ethanol and is also increasing capacity Cash from operations is improving. High debts retired under the guidance of new management Wilmar. Credit rating improved and the guarantee given by the parent company. They are also selling sugar to Adani wilmar group according to their BS. The plant is working at more than 100% capacity. One...
The country's sugar exports exceeded 10 million tons for the first time. India's sugar exports jumped 65% in 2021-22 corresponding to previous year. This was despite logistical challenges posed by COVID-19 pandemic, Ministry of Commerce and Industry Piyush Goyal said. Sugar exports are estimated to increase to over 90 lakh tonnes in the current marketing year...
After Making a high of 40 it has retraced to 33.9 levels Which is also 0.61% Fibonacci Retracement of the earlier upmove so You can buy now with a small SL 33.9 levels for 40 levels. Once it crosses & closes above 41 Levels on weekly chart a momentum can come which can take it upto 60 levels CMP 36 SL 33.9 Target- 40, 44, 60, 72
SRS is on a verge of massive multiyear breakout if it closes above 32 on a monthly level then we can see a large upward movement in this stock and with increase in demand of ethanol it could be a good opportunitty
*Shree Renuka Sugar Ltd.* Excellent Chart Formation Cup & Handle Formation: Weekly Basis Ascending Triangle Price / Volume Breakout: Weekly Basis Additionally Multi Year Trendline Breakout to Happen *With Increase in Price, Trail Stop Loss* *Book Profit as per Your Risk Appetite* *Fundamentals Improving* Sugar / Ethanol Story Gaining Traction. Russia Sugar...
shree renuka sugar looks ready for breakout after a long consolidation
Shree Renuka Sugar looks ready for breakout after a long consolidation