Multiyear BO - Bajaj Hindusthan
Sugar and Ethanol a love story for Investors!
With the on-going push from the government to mix ethanol in Fuel we are seeing a great value unlocking in sugar stocks! One such stock is Bajaj Hindusthan which used to be a leader along with Balrampur Chini!
On the technical charts we can see a great turnaround in the fortunes of the company with a breakout above 25 levels confirming Inverted H&S chart pattern!
There is already a Breakout of Downward sloping trendline. We might just be a news away from having a great move in the prices!
Rsi above 60
Stochastic giving a buy signal
DMI is strong with BB challenge
This might be a good bet with a minimal stop loss for the long run!
With the on-going push from the government to mix ethanol in Fuel we are seeing a great value unlocking in sugar stocks! One such stock is Bajaj Hindusthan which used to be a leader along with Balrampur Chini!
On the technical charts we can see a great turnaround in the fortunes of the company with a breakout above 25 levels confirming Inverted H&S chart pattern!
There is already a Breakout of Downward sloping trendline. We might just be a news away from having a great move in the prices!
Rsi above 60
Stochastic giving a buy signal
DMI is strong with BB challenge
This might be a good bet with a minimal stop loss for the long run!
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