Shree Renuka Sugar Clean Breakout
Updated
The 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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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”.
Do you like my TA & ideas!!
Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations.
Cheers.
Trade active
Retest & support zone confirmed. Currently trading sideways.Trade active
Target 1,2 & 3 completed. Heading towards Target 4Note
Target 4 Completed. 🚀🚀🚀
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