small 5% risk is good enough here, few confluences on lower & mid time frame charts will be watching few more daily closes anything below 390 approx is not good sign
One more Sugar Stocks along with Renuka/EID Parry(Ethanol) looking very good in almost all the timeframes SL below 460 and the initial targets with the channel(top channel) and then revisit at that point of time.
Forming rounding bottom and needs breakout above the resistance channel. Fail to do so will bring Prices down sharply. This can also be a bull trap. Trade with strict stop loss.
Targets mentioned in chart - SL 362 Dalmia Bharat Sugar is one of the most efficient sugar companies in India with high distillery capacity., Adopted the multiple vapour recompression‐based distillation technologies.,without need of an additional boiler. The company is aggressive in its distillery capex plans & it is looking to leverage high demand opportunity...
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Dalmia Sugar will be blast soon. Breakout above consolidation zone will take the stock to all time high
follow the technical of this stock. but sugar stocks may be good on some seasons only....
Here is the weekly chart of dakmia bharat sugar. The neat setup, was in great up trend, retracement perfectly to 0.5 level. Never gave close below 0.5 level of Fibonacci retracements. Weekly candle on this day is bullish, will break the horizontal trendline I presume.
DALMIASUG buy above 547. It must be sustained above 545. As there is a daily breakout in DALMIASUG, You will get enough time to enter. Don't be in a hurry. Take position after proper break out as 545 is resistance. Target 550,555,560,570 SL 535 If it gaps up then wait for retest then take entry. Wishing you a profitable day.
Sugar stocks are in the rally as of now! We have made a video on this. Link in profile! Do watch!
entry 458 Stage breakout with volume spike Sugar stocks breakout
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Dalmia Sugar Now 415 very good support if reversed Target 430
Dalmia Sugar CMP - 135.55 looking bullish and can go for short term investment. Buy @ 135 - 138 / Stop Loss - 132 Target 1 - 140 Target 2 - 145 Target 3 - 150 Note: This is just for educational purpose only.
Strong BO with huge volumes. Let's see how far it can go.
Buy Dalmia Sugar at CMP of 96 with a target of 140 & 180 with Sl of 80 for Medium Term.