Shree Renuka Sugars: Rs.24.
Renuka sugars- a leading producer in india has started to move up. It has moved above 200 day EMA and was maintaining around that level only for last six months and for last two day has started to move up and made a 52 week high and that too on heavy volumes, this is giving a clear indication that the stock price is poised for a big move considering the amount of consolidation. Also the sugar prices are firming up and it appears that the stock price is poised for a big move from current levels. so a good buy also the wilmar deal is going to reduce the debt which is directly going to reduce debt which would increase PAT all this is pointing towards better days for stock. Stop loss below Rs.20
M.MahidaRSri
Trend is Friend.
Renuka sugars- a leading producer in india has started to move up. It has moved above 200 day EMA and was maintaining around that level only for last six months and for last two day has started to move up and made a 52 week high and that too on heavy volumes, this is giving a clear indication that the stock price is poised for a big move considering the amount of consolidation. Also the sugar prices are firming up and it appears that the stock price is poised for a big move from current levels. so a good buy also the wilmar deal is going to reduce the debt which is directly going to reduce debt which would increase PAT all this is pointing towards better days for stock. Stop loss below Rs.20
M.MahidaRSri
Trend is Friend.
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