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WHICH STOCK SHOULD I BUY IN SUGAR INDUSTRY

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WHICH STOCK SHOULD I BUY IN SUGAR INDUSTRY?

If  you want to capture momentum of sugar industry?

Despite all stock are micro cap or very small market capitalization stock so we must to care very much because from last 3 year sugar industry is very under perform industries

So here are the best stock based on technical analysis where you can invest for next six month to capture momentum of sugar industry

PRAJ INDUESSTRIS:

PRAJ_INDUSTRIES | Technical Analysis

The technical looks that the major trend is bullish and in short term price trending into downside, after downfall we have recent bullish breakout, which start moving the price to upside, in monthly chart we have a upside channel, and currently forming support in channel line, and start moving upside from channel support anticipation for Bullish Momentum momentum.

BUY PRICE:100, STOP LOSS:77, TAKE PROFIT:170, TIME SPAN: 6 MONTH

 

DHAMPUR SUGAR MIL:

DHAMPUR_SUGAR_MIL | Technical Analysis

The technical looks that the chart showing downtrend, and last we have bearish breakout, price almost near to 2year low, recently we have reversal pin bar and buying pressure in chart , which show bullish momentum EMA 200 will be acting as support anticipation for bullish momentum.

BUY PRICE:110, STOP LOSS:82, TAKE PROFIT:261, TIME SPAN: 6 MONTH

EID PARRY:

EIDPARRY | Technical Analysis

The technical looks that the major trend in monthly time frame will be bullish, but in short frame price trending into downside, and resting near to 2 year low, chart showing recent bullish breakout , which retest zone will be at level of 200, recent candle showing buying pressure and chart also formed reversal hammer which show change in momentum, anticipation for upside movement.

BUY PRICE:210, STOP LOSS:140, TAKE PROFIT:450, TIME SPAN: 1 YEAR

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