📊 Shree Renuka Sugars Ltd. - Weekly Chart Analysis 📊
🔎 The stock is showing signs of a potential breakout from its long-term downtrend. With this week's 10.25% surge, it's pushing towards key resistance levels.
📉 Key Support:
Strong support at 41-42, where the stock has previously consolidated multiple times.
📈 Key Resistance:
Immediate resistance at 55-56, with a major hurdle around 60-62 if the momentum continues.
💡 Breakout Setup:
Watch closely for a weekly close above 55. If this happens, the stock could move toward 60-62 and higher.
🔄 Volume Confirmation:
Recent volume surge to 313.21M indicates strong buying interest. Sustained volume with a breakout could confirm a trend reversal.
⚠️ Disclaimer: For educational purposes only. Always manage your risk appropriately and conduct your own research.
🔎 The stock is showing signs of a potential breakout from its long-term downtrend. With this week's 10.25% surge, it's pushing towards key resistance levels.
📉 Key Support:
Strong support at 41-42, where the stock has previously consolidated multiple times.
📈 Key Resistance:
Immediate resistance at 55-56, with a major hurdle around 60-62 if the momentum continues.
💡 Breakout Setup:
Watch closely for a weekly close above 55. If this happens, the stock could move toward 60-62 and higher.
🔄 Volume Confirmation:
Recent volume surge to 313.21M indicates strong buying interest. Sustained volume with a breakout could confirm a trend reversal.
⚠️ Disclaimer: For educational purposes only. Always manage your risk appropriately and conduct your own research.
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.