Renuka Sugars. Ready for biggest rally.
The technical setup is bullish, suggesting a significant upward move in the short to medium term.
Key Points:
Entry Price: ₹48.65 (CMP)
Stoploss: ₹46
Targets: ₹60, ₹70, and ₹100+ levels.
Why Keep an Eye on Shree Renuka Sugars:
The stock is showing strength around key moving averages, particularly the 50, 100, and 200-day EMAs. This signals that it has built a solid support base. It has bounced back from recent lows, and with the current upward momentum, there is a high chance of breaking through to new highs in the upcoming weeks.
Given the strong support levels, the risk-to-reward ratio appears favorable for both short-term traders and medium-term investors aiming for larger returns
Key Points:
Entry Price: ₹48.65 (CMP)
Stoploss: ₹46
Targets: ₹60, ₹70, and ₹100+ levels.
Why Keep an Eye on Shree Renuka Sugars:
The stock is showing strength around key moving averages, particularly the 50, 100, and 200-day EMAs. This signals that it has built a solid support base. It has bounced back from recent lows, and with the current upward momentum, there is a high chance of breaking through to new highs in the upcoming weeks.
Given the strong support levels, the risk-to-reward ratio appears favorable for both short-term traders and medium-term investors aiming for larger returns
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