-Price was nicely moving in a Rising Channel and continuously taking support from 50 EMA(Pink Line) -Broke Out of Rising Channel but take Support and trying to gain back its status -Major Resistance @ 80, Trying 3rd Time Need Good volume to break it and sustain it -Major Support 60
Two Possible Scanerios - GreenLine Price breakout above 80 - Red Line breakdown of minor supports or enter into a consolidation zone
Quarterly Results declaration can see a good move
Sugar Industries is good for holding for the long term due to Ethanol Petrol Dilution announced by govt.
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