Andhra Sugars – Retest of Monthly level Breakout 386.55 on Daily

Entry – CMP
Target 1 – 629.35
Target 2 – 908.5
Stop Loss - 344
Duration – 2-3 year
All numbers are weekly based

On Daily Chart Stock is now retesting its breakout level. If Stock sustains breakout level of 386 then it’s expected achieve higher levels.
Slight Volume build-up also seen from last 2 months. This need to improve going forward to achieve higher targets.

Co is engaged in the manufacture and sale of sugar and caustic soda. Power Generation, Industrial Chemicals etc
Dividend Yield: 4.7%
Promotor holds 47.3% - Average
126 debt company (Debt continuously reducing and pending Debt can easily be paid back with 9-10 months profit)
Profit continuously growing with good cash flow statement


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Dagangan aktif:

Big Wigs seen on weekly Chart, suggesting seller present in this script. Chart still bullish use new Trailing SL .

Trailing SL: 386.55

Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
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