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US SUGAR @ 19.68 WAVE UPDATE
Larger time frame showing multiple 1-2-1-2 formation. On a short term time frame it has formed multiple bottom around 17 levels and since last couple of days it moving up which is giving clear indication that if US SUGAR FUTURES does not closes below 17 than in months to come we may see strong trending move in the SUGAR sectors.
Stocks to focus BALRAMPURCHINI which has already moved but still looks good, RENUKASUGAR, DWARISKESH SUGAR, PRANIND ETC looks good from the pack.
PRAJ IND AS LONG AS TRADING ABOVE 650-600 ON CLOSING BASIS ITS TREND IS BUY ON DIPS FOR UPSIDE 1050 TO 1100 FOR SHORT TO MEDIM TERM.
RENUKA SUGAR ONCE MOVES ABOVE 50-52 ITS SHOULD PICK MOMENTUM TOWARDS 65-75 LEVELS.
DWARIKESH SUGAR ONCE MOVES ABOVE 75 ON WEEKLY CLOSING BASIS IT SHOULD PICK MOMENTUM TOWARDS 99/105 LEVELS.
Larger time frame showing multiple 1-2-1-2 formation. On a short term time frame it has formed multiple bottom around 17 levels and since last couple of days it moving up which is giving clear indication that if US SUGAR FUTURES does not closes below 17 than in months to come we may see strong trending move in the SUGAR sectors.
Stocks to focus BALRAMPURCHINI which has already moved but still looks good, RENUKASUGAR, DWARISKESH SUGAR, PRANIND ETC looks good from the pack.
PRAJ IND AS LONG AS TRADING ABOVE 650-600 ON CLOSING BASIS ITS TREND IS BUY ON DIPS FOR UPSIDE 1050 TO 1100 FOR SHORT TO MEDIM TERM.
RENUKA SUGAR ONCE MOVES ABOVE 50-52 ITS SHOULD PICK MOMENTUM TOWARDS 65-75 LEVELS.
DWARIKESH SUGAR ONCE MOVES ABOVE 75 ON WEEKLY CLOSING BASIS IT SHOULD PICK MOMENTUM TOWARDS 99/105 LEVELS.
India Update
Also Festival season started in india so next 3 to 6 months demands of Sugar remains there
