We have found sideway in #ANDHRSUGAR. Once it is break the resistance we will reach next resistance. Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
Seems like gonna go long for cmg weeks. Taking entry at CMP. SL would 108 CMP : 110.50
Andhra Sugar at Horizontal trend line. We have to wait for the reversal conformation candle to go long from here.
Long above 151 levels Now TSI and VI shows positive moment even trading above Hull moving avg, so it is clear signal for long. So can wait for signal candle high cross then enter for upside move
Stocks seems will come to momentum in a week so for positional basis we can hold this stock for atleat 10-20% momentum balance in this counter.
Cup and Handle Position formed. The view is to keep accumulating till 145 levels. Target levels are given on the chart
4 Years Cup Breakout Stock. Entry - 149 SL - 143 Target = Cup Depth = 266
The ANDHRA SUGARS stock is Recently on a stock split 5:1 and now the Chart Represents the Formation of CUP and HANDLE pattern . And wait for a Breakout and Retest , and the stock price is moves up . The Simple price action and pattern analysis on ANDHRA SUGARS .
Price Has Given Close Above Its Last High. Volumes are also increasing. We can see a further up move. Trade with a SL of 575 for a target of 700
ANDHHRA SUGAR STRUCTURE IS BULLISH AFTER BREAK 500 RANGE CAN SEE 700 WITH SUPPORT 425