SWING IDEA - SHREE RENUKA SUGAR
Reasons are listed below :
- 53 Zone Breakout: The 53 zone, a previously strong resistance, has been breached, indicating potential upward momentum.
- Bullish Marubozu Candle on Daily Timeframe: A bullish marubozu candle has formed, reflecting strong buying pressure.
- Crossing 52-Week High: The stock is crossing its 52-week high, signaling strength and potential continuation of the uptrend.
- Volume Spike: A noticeable increase in volumes suggests strong market participation, further supporting the breakout.
Target - 65 // 75
Stoploss - daily close below 45
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