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!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.