Friday, 13 May 2016

Sugar Stock Breaking Out of 10 Year Resistance Zone #Watchout

Andhra Sugars

LTP 178

1. Stock Breaking Out of 10 Year Resistance zone Of  155-165
2. Triple Bottom Breakout Also Seen. 
3.  Stock is in big uptrend and trading above all major moving avg. 20/50/100/200. 
4.Company has been maintaining a healthy dividend payout of 28.58%.

Buy Near 156/145 SLCB 128 Target 255++ 
Timeframe-12/18 Months

For Online/Offline Technical Analysis Training Cont

Disclaimer :The Above view is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers.