K.m.sugar Mills Limited Bullish.K.m.sugar Mills Limited with Bullish RSI Divergence and break of trendline channel, take a trade entry SL and TP as depicted on chart.
KMSUGAR trade ideas
KM SUGAR a Good Pull back play hereCame across this stock which is its Stage 2 Advance
- Good Earnings
- Positive OBV which shows that the stock is being accumulated by big hands
- RS ( Relative Strength) - Performing better
Nice Tightening up with low volume a stop limit buy with 5% risk looks like a call !
** Not a Financial Advice. **
** DYOR **
KM Sugar Mills Perfect Example of the CUP & Handle patterns KM Sugar Mills Perfect Example of the CUP & Handle patterns if sustain above 37.65 Possible target 46.20-52.20-59-64.20+++ invalid 28 cmp.35.75
Buy KMSUGAR Stock made Higher High in Weekly timeframe and consolidating.
Came down for Retracement.
Daily timeframe gives signs of Reversal based on #Divergence,
#Priceaction confirms it.
There is one more Zones below the current levels. So based on it but the stock as per your Capital.
Follow #Riskmanagment.
KM SUGAR Stock have potential
Relative strength good compare to index
Uptrend
Squeeze volume
Good start
STOP 🛑 loss candle low
WEEKLY TIME FRAME - KM SUGAR MILLS LTD The 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....
Tradelikemee Academy
KM Sugar 5 Year BreakoutKM Sugar had given 5 year breakout on chart & given the buying seen recently in almost every sugar stock we can easily see 80 levels in the stock in medium term.
But as we are playing for a swing trade we will book it around 55-58 range. Short Term traders can hold for 80 levels
Sl should be around 37.5 levels
