KM Sugar had given 5 year breakout on chart & given the buying seen recently in almost every sugar stock we can easily see 80 levels in the stock in medium term.
But as we are playing for a swing trade we will book it around 55-58 range. Short Term traders can hold for 80 levels
Sl should be around 37.5 levels
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
Target- 40, 44, 60, 72