RENUKA SUGAR - AT SUPPORTRenuka 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 Longby manuagarwal211
Resistance break in renuka sugar with the support of rsi 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 by devved192
Shree Renuka Sugars - 240 MinsThe 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 (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....Longby TradelikemeeUpdated 6
Renuka Sugar - positional long ideaChart 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.Longby sachinnagpal19823
Shree Renuka Sugars (For Short term Traders)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 under under the rising wedge and a box range and the give a amazing upward movie nonstop....(positive) 2)stock will Directly break both the patterns but in this case there are higher chances stock will spend some time at aimportant area of 53-54l level.....(positive) 3)And last which has lesser chances according to me is the stock may break the rising wedge pattern towards downside and move till the levels 47,45.30,41.50..(negative) If stock starts it upwards rally it will go boom as per important levels 53.30,63,70 (For short-term traders) Hoping for the best! Thank you😊 Longby ajaypratap4183222
Renuka w style breakout 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 Shortby bhavik50011
breakoutshort term entry:51 target:65 use 50 ema to ride the rally and have some logical trialing stoplossLongby arunking41
Renuka sugar price chart analysisHere we analyze the price chart of Renuka Sugar. you can take a look at our analysis and customize your own trade. by kmonwork2
The biggest player of ethenol in India.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 more plant is expected to be operationalised by Oct. It should touch 80 by second quarter results as good monsoon is also expected. The biggest player of ethenol in India.Longby Tradernawab117
target 70, 100The 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 ending September, from 71-72 lakh tonnes in the previous year, on better demand for the Indian sweetener from Bangladesh and Indonesia, according to industry body ISMA. The sugar marketing year runs from October to September. Around 80 lakh tonnes of sugar export have been contracted so far. Out of that, about 57.17 lakh tonnes of sugar have been physically exported out of the country during October 2021-March 2022 period, as compared to about 31.85 lakh tonnes exported in the last sugar year during the same period. About 7-8 lakh tonnes of sugar is in pipeline for export in April 2022. Major export destinations are Indonesia and Bangladesh, accounting for almost 44 per cent of total exports, as against 48 per cent shared collectively by Indonesia and Afghanistan last year during the corresponding period ISMA said it has revised its production estimate to 350 lakh tonnes for the 2021-22 marketing year. It also revised its export estimates to over 90 lakh tonnes. Considering the above and domestic consumption of 272 lakh tonnes, there will be a closing balance of 68 lakh tonnes at the end of the sugar season on 30th September 2022 On the production side, ISMA said that mills have produced 329.91 lakh tonnes of sugar till April 15 in the current 2021-22 marketing year against 291.82 lakh tonnes in the year-ago period.Longby Tradernawab3
Shree Renuka Sugar Playing PullbackAfter 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, 72Longby SidjadonUpdated 6
SHREE RENUKA SUGARSRS 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 opportunittyLongby pranav2806Updated 4
Shree Renuka Sugar Ltd.*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 Export Ban further Aiding International Sugar Price. Ethanol Capacity one of highest in India. Revenue Increasing - Qtrly / Yrly Basis. Profitability Back at Qtrly Basis. Improving Cash Conversion Cycle. However, Debt still at high levels. Negative TNW. But Backed by Wilmar Internation. Corporate Guarantees provided to Bank for Debts. Turnaround Story In Making. *Do Your Own Research as Well. This is Just an Opinion.* Your Opinion may Differ and is Respected. Happy Investing :) Longby IdeasNeosagi4
Shree Renuka Sugarshree renuka sugar looks ready for breakout after a long consolidationLongby RAJEEV641
SHRI RENUKA SUGARShree Renuka Sugar looks ready for breakout after a long consolidationLongby RAJEEV640
SHREE RENUKA SUGARS LOOKS GOOD FOR A LONG POSITION FOR 100% RETUShree Renuka Sugar has given a breakout From a Ascending Traingle pattern and is expected to give a 100% returns in span of 3-6 months Now a days the sugar stocks are very overwhelming to buy because of the government pressure of rising the ethanol capacity So sugar stocks are also expected to give good results Thank youLongby lakshay13690
Shree Renuka SugarShree Renuka Sugar. Asc. Triangle BO Confirm. Pricing inching Higher/ Volume Built up. Can Enter. Do your own Research as well. :)Longby IdeasNeosagi0
Symmetrical triangle BO on Renuka Sugars daily chartSymmetrical triangle BO on Renuka Sugars daily chart, after a high of 47.75 on daily TF, the stock had a correction & has been consolidating since august, as per today's closing seems this is a Symmetrical triangle BO. MACD seems giving +ve divergence, volumes are decent, RSI is around 54, good stock to watch out for in coming days, needs volume & RSI strength to see some good up move, resistance at 29.85 & 32.75. Disc: Invested, chart for education purpose only. Not a reco for trading/investmentby amjai85Updated 222
Renuka Swing Tradeprice is at a crucial support point which includes the following. 50 EMA, .618 FIB RETRACEMENT, AND TRENDLINE SUPPORT. WAIT FOR THE PRICE FOR FURTHER decisions before taking position into the stockLongby PremPatel161
SHREE RENUKA SUGARLong time Trendline breakout with volume. Targets of 23,32 with SL of 9 in short to mid term. ☠️☠️☠️ Above ideas are for educational purposes only, kindly consult your financial advisor before investing. Please don’t forget to 👍 and subscribe if you like the idea.Longby Saurabh23013
Shree Renuka SugarsInvestors looking for a long term investment can enter this stock at current levels for a potential upside of 20Rs with a resistance at 12.5/13 levels. Duration 10 to 12 months. Before entering any position do your own analysis.Longby harshiln007111