Shree Renuka Sugar Playing Pullback

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

Comment:

After almost hitting 55 levels it had terraced back to 48 levels

Now again showing strength can hold it or book half here