RENUKAi Observed these Levels based on Price Action and Demand & Supply which is my own Concept "PENDAM CONCEPTS"... Please don't take any trades based on this chart/post... Because this chart is for educational purpose only not for Buy or Sell Recommendation... Thank QLongby mistertraderofficial4
SHREE RENUKA SUGARS LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.by zenthosh1
SHREE RENUKA SUGARS LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions. by zenthosh0
a budget stock for the 2025 budget NSE:RENUKA it has now filled the gaps that were left from last year jun rally. here is rsi divergence on daily charts and some stories will be cooked and for me now is a good time to enter and review position near budget or max till mid 2025 as one wishes. price levels i believe there is very little risk even if you are a trader i dont see this stock going below 33/34. on the upside my first target is 56/57 and 82 is the level where i would review this position Longby Tradegainer2
Long Term Investment ideaRENUKA LTP 39.50 Tgt:44/54/64🤞🏻 Long-term: 100++🤞🏻🤞🏻 Purely long-term investment may add on dips or hold calmlyLongby Anubhav_A111
"U" Shape Pattern **||Shree Renuka Sugars Ltd||**Its pattern to pattern setup, And Simple "U" Shape pattern Chart consolidated in bottom "U" Shape with 9 Years and made good breakout again made pattern, and made positional breakout. its good to go with direction. Expected Level 102Longby Bhupen_AUpdated 11
SWING IDEA - SHREE RENUKA SUGARRenuka Sugars , a leading sugar manufacturer in India with a strong presence in ethanol production, is showing a promising swing trade setup. Reasons are listed below : 53 Zone Breakout : The 53 zone, a previously strong resistance, has been breached, indicating potential upward momentum. Bullish Marubozu Candle on Daily Timeframe : A bullish marubozu candle has formed, reflecting strong buying pressure. Crossing 52-Week High : The stock is crossing its 52-week high, signaling strength and potential continuation of the uptrend. Volume Spike : A noticeable increase in volumes suggests strong market participation, further supporting the breakout. Target - 65 // 75 Stoploss - daily close below 45 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights Longby Visionary_Growth_InsightsUpdated 2224
RENUKANSE:RENUKA One Can enter now! Or Wait for a retest of the trendline(BO)! Or Wait for a better Risk:Reward Ratio! Note : 1. One should go long with a StopLoss, below the Trendline or the Previous Swing Low. 2. Risk :Reward ratio should be minimum 1:2. 3. Plan your trade as per the Money Mangement and Risk Appetite. Disclamier : You are responsible for your profits and loss. The idea shared here is purely for Educational purpose. Follow back, for more ideas and thier notifications on your email. Support and Like incase the idea works for you.Longby CreativeCreature1
Swing Trade Idea: Renuka Sugar | Multi-Time Frame Breakout AnalyIn this video, I present a swing trade idea for Renuka Sugar, focusing on a breakout base pattern using multi-time frame analysis. Watch as I dive deep into the weekly price action and break down key support and resistance levels. This detailed analysis will help you spot potential entry and exit points, ideal for traders looking to capitalize on longer-term market movements. If you're interested in refining your swing trading strategies using price action, this analysis is for you07:46by Alzubair151
Shree Renuka Sugars Ltd. (1W - Weekly Time Frame Analysis)📊 Shree Renuka Sugars Ltd. - Weekly Chart Analysis 📊 🔎 The stock is showing signs of a potential breakout from its long-term downtrend. With this week's 10.25% surge, it's pushing towards key resistance levels. 📉 Key Support: Strong support at 41-42, where the stock has previously consolidated multiple times. 📈 Key Resistance: Immediate resistance at 55-56, with a major hurdle around 60-62 if the momentum continues. 💡 Breakout Setup: Watch closely for a weekly close above 55. If this happens, the stock could move toward 60-62 and higher. 🔄 Volume Confirmation: Recent volume surge to 313.21M indicates strong buying interest. Sustained volume with a breakout could confirm a trend reversal. ⚠️ Disclaimer: For educational purposes only. Always manage your risk appropriately and conduct your own research.Longby TradeAXN3
Ready for Breakout, Sugar Stocks in Action...NSE:RENUKA trade at 50. Support at 44. Resistance at 53 Stocks trade in a triangle range since last 1 year, you can watch for next resistance after breakout 75-80 level.Longby thecapitalmarkets6
Shree Renuka Sugars Limited Consolidation.Shree Renuka Sugars Limited is currently Consolidating in Range However With 14 day RSI Bullish Divergence If Price Retraces to The Demand Zone Look for Buys with proper stops and risk Management. As revenue has grown at a yearly rate of 19.23%, vs industry avg of 9.08% and Net Income for 2022 23 and 24 is as follows. -138.54 -196.96 -627.2.Longby gakingofkings3
Shree Renuka Sugars LimitedShree Renuka Sugars Limited After a significant downtrend starting from December 2009, where it peaked at a high of Rs. 125, Shree Renuka Sugars Limited plummeted to a low of Rs. 3.3. The tide turned in March 2020 with a reversal in price, and by December 2020, it approached the descending trendline. It consolidated near this trendline for over 290 days, marking what Elliott Wave Theory identifies as its wave (i). Breaking decisively above the falling trendline in April 2021 marked the beginning of wave (iii). By October 2022, wave (iii) concluded, with minor degree wave 1 ending around the same time. Subsequently, it entered a consolidation phase. Minor degree wave 2 appears to have completed by June 2024. In my assessment, the company has now likely embarked on its journey for minor degree wave 3. However, there is a possibility it could revisit the 61.8% retracement level to complete its wave 2 consolidation. On request of one of my follower Disclaimer It's important to note that investing in shares involves risks, and past performance is not indicative of future results. The information provided here is based on technical analysis and Elliott Wave Theory, which are tools used to analyze market trends but do not guarantee future outcomes. Investors should conduct their own research or consult with a financial advisor before making investment decisions. Regardsby imkhushalUpdated 2215
Identifying Breakout in Shree Renuka SugarsShree Renuka Sugars have broken the channel with great volumes today (13-06-2024) and seems to be in a breakout zone... Seems like a good swing pick... Buying below 50 seems like a good opportunity if the price falls below 45 it can be an opportunity for downward average Stop Loss at 36 Target 75 80 100 I have added a few stocks today and will be tracking the scrip closely ! Caution ! This is just for education and research purpose, I am not a SEBI Registered advisor. Pls confirm with your financial advisor before buying/selling anything on the stock markets. Thankyou !Longby jagarsoshiUpdated 113
Renuka sugars chart analysisRenuka sugars chart analysis on daily time frame. Please share your valuable feedback.Longby mystery_indian_Trader115
#RENUKA.. Go Long Good consolidation near trendline with huge volumes ... Don't surprise if it becomes double triple from current market price ₹50.Longby pratik56862
Positive Sugar Stocks, RENUKA Target extended upto 51.30Raw sugar futures in New York fluctuated as poor monsoon rains in India, the second-largest grower, eased a recent bearish sentiment that pushed prices down in the two previous sessions. India has received below-average rainfall during the current monsoon season, according to data from the Indian Meteorological Department. That’s potentially harming the development of sugar-cane crops that will be harvested later this year. Petroleum minister focus to increase ethanol from 15% to 20% in petrol and diesel – may surging sugar price Expect positive for sugar stocks – Renuka Sugar, Balrampur Chini, Praj Industries RENUKA Sugar Target could be extended upto 53.30Longby Maideen3
RENUKA, SHREE RENUKA SUGERSHi guys, In this chart i Found a Demand Zone in RENUKA CHART for Positional entry, Observed these Levels based on price action and Demand & Supply. *Don't Take any trades based on this Picture. ... because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank you Longby GirirajKoppal2
Breakout " Renuka Sugars " Small Moment variable to BIG MoveBreakout " Renuka Sugars " Small Moment variable to BIG Move, Please observe for 2days then move accordingly Note : I am Not a SEBI Registered Analyst. All Post and Levels Posting is only for educational and knowledge purpose. I Am not responsible for your any kind of loss or profit. No Claim, All Rights Reserved.‼️by SureshandraBulls5
Shree Renuka SugarBuy different levels marked. *Education purpose only. Investment in stock market is subject to market risk.Longby sreekumars10
Ascending Triangle Breakout + Double Digit stock - RENUKA📊 Script: RENUKA 📊 Sector: Sugar 📊 Industry: Sugar Key highlights: 💡⚡ 📈 Script is giving Ascending Triangle Breakout as shown in chart. 📈 Script is trading at upper band of BB and giving breakout of it. 📈 Already crossover in MACD. 📈 Double Moving Averages is giving Crossover. 📈 Volume increase along with price. 📈 Right now RSI is around 65. ⏱️ C.M.P 📑💰- 49.60 🟢 Target 🎯🏆 - 57 ⚠️ Stoploss ☠️🚫 - 45 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂Longby radha_2312