Sunday, 17 February 2019

Balrampur chini - Sugar & Ethanol play


Sugar sector is in the news with Ethanol being pushed by the govt.
Balrampur after going in for a deep correction is looking good
200DMA has turned around 
MACD is bullish 
Classic Cup & Handle pattern can be seen
Got in around 112
Target around 180
Stop Loss 106


19th Feb

Added more, as the pattern is looking good

3rd March

Trade is moving along quite nicely.
Next target - 145 & then 160

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