UTTAMSUGAR trade ideas
Uttam SugarsMultiyear BO and at the same time broke out of the Gann levels.
More volumes coming in and trade carefully as it is nearing overbought zone.
Trailing SL and targets are marked accordingly
UTTAM SUGAR MILLS WEEKLY BREAKOUTUTTAM SUGAR MILLS has given weekly breakout, from cmp we can achieve 1:2 RR.
Uttam Sugar Monthly chartstructure showing round bottom pattern
above 475 level sustain then upside as mentioned in chart
Ethonol will key role in sugar sector...
Uttam suger at breakout #uttam suger
#balrampur chini
#renuka suger all at breakou level
also see plz all suger stock
Uttam sugarAnother sugar stock looks like going to rock...Uttam sugar CMP:350 sl:290(wcb) Target: Open
UTTAMSUGAR : Positional Call#UTTAMSUGAR : All Levels mentioned are for Positional call (1-12 months)
Good Strength & Volume Buildup
>> For Swing Trader :
> Try to enter at retracement nr safe entry levels with a stoploss of 250
> Take Quick 5-10% & keep trailling
#positionaltrading
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Happy Trading !!!
Uttam SugarsLikely to follow uptrend changed in MACD consolidation yet Break out
Target 1 - 243.30
Target 2 - 267.80
SL -170.90
