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Uttam Sugar Mills breakout complete now consolidating.

Panjang
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NSE:UTTAMSUGAR   UTTAM SUGAR MILLS
All observations on chart.

All sugar stocks are zooming.

Uttam sugar has formed a large falling wegde, bullish pattern. After breaking out stock is sideways for almost 4+ months with increased volumes, this shows accumulation is going on.
Expecting a breakout soon here.

Entry will trigger above 116. RR is more than 1:1. To make it more favorable one can enter with conviction now at CMP .
One can buy partial quantity now and rest above 116.



Besides these Other sugar stocks.
1. BALRAMCHIN
2. ANDHRSUGAR ( link attached below )
3. DHAMPURSUG
4. DALMIASUG
5. BSE:DCMSRMIND
6. AVADHSUGAR
Komen:
So the small consolidation broke out on upside.

Partial buy is now in 25 to 30% profit.

Even if retracment is small still we get a good average 🤩
Komen:
Mind blowing Move 🔥
Komen:
Upper circuit and also near 1st target.
Standing at 55% gains.
Take some money home 😊
Komen:
2x from the buy given. Superb gains.
Book full. Fantastic trade

Penafian

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