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SHREE RENUKA SUGARS LTD.SHREE RENUKA SUGARS LTD.SHREE RENUKA SUGARS LTD.

SHREE RENUKA SUGARS LTD.

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RENUKA trade ideas

SWING IDEA - SHREE RENUKA SUGARRenuka Sugars , a leading sugar manufacturer in India with a strong presence in ethanol production, is showing a promising swing trade setup. 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 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:RENUKALong
by Visionary_Growth_Insights
2
RENUKANSE:RENUKA One Can enter now! Or Wait for a retest of the trendline(BO)! Or Wait for a better Risk:Reward Ratio! Note : 1. One should go long with a StopLoss, below the Trendline or the Previous Swing Low. 2. Risk :Reward ratio should be minimum 1:2. 3. Plan your trade as per the Money Mangement and Risk Appetite. Disclamier : You are responsible for your profits and loss. The idea shared here is purely for Educational purpose. Follow back, for more ideas and thier notifications on your email. Support and Like incase the idea works for you.
NSE:RENUKALong
by CreativeCreature
Swing Trade Idea: Renuka Sugar | Multi-Time Frame Breakout AnalyIn this video, I present a swing trade idea for Renuka Sugar, focusing on a breakout base pattern using multi-time frame analysis. Watch as I dive deep into the weekly price action and break down key support and resistance levels. This detailed analysis will help you spot potential entry and exit points, ideal for traders looking to capitalize on longer-term market movements. If you're interested in refining your swing trading strategies using price action, this analysis is for you
NSE:RENUKA
by Alzubair15
Shree Renuka Sugars Ltd. (1W - Weekly Time Frame Analysis)📊 Shree Renuka Sugars Ltd. - Weekly Chart Analysis 📊 🔎 The stock is showing signs of a potential breakout from its long-term downtrend. With this week's 10.25% surge, it's pushing towards key resistance levels. 📉 Key Support: Strong support at 41-42, where the stock has previously consolidated multiple times. 📈 Key Resistance: Immediate resistance at 55-56, with a major hurdle around 60-62 if the momentum continues. 💡 Breakout Setup: Watch closely for a weekly close above 55. If this happens, the stock could move toward 60-62 and higher. 🔄 Volume Confirmation: Recent volume surge to 313.21M indicates strong buying interest. Sustained volume with a breakout could confirm a trend reversal. ⚠️ Disclaimer: For educational purposes only. Always manage your risk appropriately and conduct your own research.
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by TradeAXN
Shree Renuka Sugars LimitedShree Renuka Sugars Limited After a significant downtrend starting from December 2009, where it peaked at a high of Rs. 125, Shree Renuka Sugars Limited plummeted to a low of Rs. 3.3. The tide turned in March 2020 with a reversal in price, and by December 2020, it approached the descending trendline. It consolidated near this trendline for over 290 days, marking what Elliott Wave Theory identifies as its wave (i). Breaking decisively above the falling trendline in April 2021 marked the beginning of wave (iii). By October 2022, wave (iii) concluded, with minor degree wave 1 ending around the same time. Subsequently, it entered a consolidation phase. Minor degree wave 2 appears to have completed by June 2024. In my assessment, the company has now likely embarked on its journey for minor degree wave 3. However, there is a possibility it could revisit the 61.8% retracement level to complete its wave 2 consolidation. On request of one of my follower Disclaimer It's important to note that investing in shares involves risks, and past performance is not indicative of future results. The information provided here is based on technical analysis and Elliott Wave Theory, which are tools used to analyze market trends but do not guarantee future outcomes. Investors should conduct their own research or consult with a financial advisor before making investment decisions. Regards
NSE:RENUKA
by imkhushal
2
Identifying Breakout in Shree Renuka SugarsShree Renuka Sugars have broken the channel with great volumes today (13-06-2024) and seems to be in a breakout zone... Seems like a good swing pick... Buying below 50 seems like a good opportunity if the price falls below 45 it can be an opportunity for downward average Stop Loss at 36 Target 75 80 100 I have added a few stocks today and will be tracking the scrip closely ! Caution ! This is just for education and research purpose, I am not a SEBI Registered advisor. Pls confirm with your financial advisor before buying/selling anything on the stock markets. Thankyou !
NSE:RENUKALong
by jagarsoshi
1
Positive Sugar Stocks, RENUKA Target extended upto 51.30Raw sugar futures in New York fluctuated as poor monsoon rains in India, the second-largest grower, eased a recent bearish sentiment that pushed prices down in the two previous sessions. India has received below-average rainfall during the current monsoon season, according to data from the Indian Meteorological Department. That’s potentially harming the development of sugar-cane crops that will be harvested later this year. Petroleum minister focus to increase ethanol from 15% to 20% in petrol and diesel – may surging sugar price Expect positive for sugar stocks – Renuka Sugar, Balrampur Chini, Praj Industries RENUKA Sugar Target could be extended upto 53.30
NSE:RENUKALong
by Maideen
Ascending Triangle Breakout + Double Digit stock - RENUKA📊 Script: RENUKA 📊 Sector: Sugar 📊 Industry: Sugar Key highlights: 💡⚡ 📈 Script is giving Ascending Triangle Breakout as shown in chart. 📈 Script is trading at upper band of BB and giving breakout of it. 📈 Already crossover in MACD. 📈 Double Moving Averages is giving Crossover. 📈 Volume increase along with price. 📈 Right now RSI is around 65. ⏱️ C.M.P 📑💰- 49.60 🟢 Target 🎯🏆 - 57 ⚠️ Stoploss ☠️🚫 - 45 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
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by radha_23