Renuka SugarsLooking good based on RR ratio compared to others
SL below 47 and can reach upto 70 in the near term
Monthly golden crossover too is almost done
RENUKA trade ideas
Caution AheadForming Negative Divergence on short term chart.
Forming Triple Top.
Key Support Range mark by dark black.
If broken, Expecting price to test the levels of Rs. 50.
If not Broken, view is invalid.
Key is the Support Range. Keep Watching it.
Shri Renuka Breakout on RSI and Resistance Breakout on RSI and Breakout of Resistance on weekly Chart. My Target would be 68 within next month.
Ethanol story is in the background too.
Note: This share is in my portfolio and there is high chance my analysis is biased. This is not a buying recommendation at all.
RENUKA:TRENDLINE BREAKNSE:RENUKA has given a trendline breakout. Lets see if it can sustain this breakout
RENUKA ShortShort entry in RENUKA
Enter only if the entry price as illustrated on the chart is tagged and sustained.
Otherwise idea is scratched.
SHREE RENUKA SUGAR BULLISH SWING REVERSAL NSE: RENUKA SUGAR formed symmetrical triangle chart pattern on weakly time frame supported with volumes. This weak volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.The stock has been moving along the horizontal support for the past few days which is indicating demand.#stockmarket #stocks #investing #trading #investment #money #finance #stock #invest #nifty #investor #business #sharemarket #financialfreedom #bitcoin #trader #cryptocurrency #entrepreneur #sensex #daytrader #stock #wallstreet #wealth #nse #forextrader #bse #stockmarketindia #daytrading
RENUKA | Bounce from SupportWhenever the stock come near to support used to get bounced from support with Volume
Not to missed this stock
Renuka viewsViews about this script has been published by me in the recent past also.
Although, after publishing it, it did not show an immediate momentum as such, I am still having the hope to watch this script around the value area, I have shown in the chart drawing.
One of the challenging comments arrived upon for my earlier post by someone and so I was curious about my own belief in my analysis as such.
I accept all freedom of expression, but to the best of my knowledge and abilities I am trying to post with deepest respect towards the responsibility, I acknowledge towards public posts.
RENUKA for swingView only above 48.85.
Stock looks good forswing trading. Good volume seen. Rsi also above 50. Check chart for target and SL.
Possible to provide more then 5% to up .Possible to provide more then 5% to up .
1 . Double bottom .
2. Powerful engulfing BULLISH CANDLE 🕯️ .
3 . Not brake it previous low .
Shree Renuka Sugar Clean BreakoutThe idea here is about Shree Renuka Sugar:
Shree Renuka Sugars Ltd is a fully integrated player focused on manufacturing and marketing of sugar, power and ethanol. The Products portfolio of the company includes: Sugar, the company manufactures refined sugar confirming to EU standards it is the higher end product consumed by European and African Countries and is also used for Industrial purpose.
1. Broken out of Symmetrical Triangle & retested with heavy volume at the time of publishing.
2. Navarro 200 Advanced harmonic completed from 26th May to 20th June 2022.
3. Trading above 20 & 200 EMA on daily chart.
4. Kumo Breakout & Kumo Twist on a daily chart is Strong for an upward momentum.
5. RSI is at 69.59 on a Daily Chart at the time of publishing.
6. MACD Way above signal line on daily chart.
7. Hull Moving & other moving average is a strong Buy Daily, Weekly & monthly chart.
8. Long Entry confirmed Target 1 achieved.
Projected targets as per Navarro 200 & Symmetrical triangle provided in the chart.
Stop Loss: provided in chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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Classic Chart Pattern.Shree Renuka Sugar - Just look at this tightness at the resistance with high but declining. This is what causes big moves.
Positional View on #RENUKA My Positional view on Shree Renuka Sugar
NSE:RENUKA breaks its resistance.
My long term target view is
Target 1 : 61
Target 2 : 72
Target 3 : 85.70
My Stop loss will be : 44 only
Note: This is my personal analysis, only for learning.
RENUKA SUGAR - AT SUPPORTRenuka Sugar consolidating at previous top support since April 2022.
Sustaining the same, the stock is most likely to test its previous high and also go beyond it.
Type of Trade : Positional Long Trade
Resistance break in renuka sugar with the support of rsi A very good resistance in breakout in renuka sugar and they also have big support of rsi bcs a good breakout was also done in rsi with heavy buying
Buy it at 51.50
Target 55.60 56.65 59.60 63.20
Sl 41
Shree Renuka Sugars - 240 MinsThe 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 (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Renuka Sugar - positional long ideaChart pattern looks good, stock is about to give a breakout from trend line. 55-56 looks achievable, Keep a stop loss below 47.50 in this trade.
Shree Renuka Sugars (For Short term Traders)Through The Chart You Can see after The breakout From The descending Triangle pattern I)Stock is still under a box range also under it 2)after the breakout creating a Rising wedge pattern
Considering Both the points...Stock is now as on 25/7/22 under a very indecisive and critical area which can lead us to the following possibilities
1)Stock Will Consolidate under under the rising wedge and a box range and the give a amazing upward movie nonstop....(positive)
2)stock will Directly break both the patterns but in this case there are higher chances stock will spend some time at aimportant area of 53-54l level.....(positive)
3)And last which has lesser chances according to me is the stock may break the rising wedge pattern towards downside and move till the levels 47,45.30,41.50..(negative)
If stock starts it upwards rally it will go boom as per important levels 53.30,63,70 (For short-term traders)
Hoping for the best!
Thank you😊
Renuka w style breakout Close above 54 will lead to 60 zone fast
After correction and consolidation stock is coming out with volume
Ethanol blending is story to play
breakoutshort term
entry:51
target:65
use 50 ema to ride the rally
and have some logical trialing stoploss
