KM Sugar Mills Perfect Example of the CUP & Handle patterns if sustain above 37.65 Possible target 46.20-52.20-59-64.20+++ invalid 28 cmp.35.75
Stock made Higher High in Weekly timeframe and consolidating. Came down for Retracement. Daily timeframe gives signs of Reversal based on #Divergence, #Priceaction confirms it. There is one more Zones below the current levels. So based on it but the stock as per your Capital. Follow #Riskmanagment.
Stock have potential Relative strength good compare to index Uptrend Squeeze volume Good start STOP 🛑 loss candle low
The 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...
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
KMSUGAR MILLS looks good for T1-20,T2-27 stoploss -10rs