Shakti SugarsShakti Sugars
Very good reversal trade and a multi year BO
Only above 44.4 and can be taken as a positional trade!
SAKHTISUG trade ideas
SAKHTISUG | COMING OUT OF STAGE 1Price is contracting nicely near its swing highs.
Price is currently in Stage 1.
Some areas of liquidation are to be looked out for before initializing a position.
Sakthi Sugars- Nice BreakoutSakthi Sugars- Nice Breakout
Capital to be deployed- 20k
Investing Price -38-40
Breakout Price -38
Stoploss -30
Targets -57-68
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SAKTHI SUGAR Best Risk/Reward IdeaAs per my analysis, NSE:SAKHTISUG is now indicating high upside movement. Continue sustained above level of 20. Best buy level as per me is 24 which is 60% retracement of weekly time frame swing low to high. Stop loss could be 19 only (-05 points risk only). Expected upside target would be 48 (+24) & 65 (+41). This could be low risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior. Kindly do your own analysis/research to take any trade. Thanks.
SAKTHISUG NSE 3/3/21This study is based upon Volume Price Spread Analysis and Momentum
Close: 10.80
EP: 11.01 - 10.58
Sl: 9..50
TP: 11.85/12.50/Open
Disclaimer : This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision
