Renuka Sugars strongly suited to investment: devangvisaria.com
Devang Visaria, Chief Strategist, devangvisaria.com in an interview to ET NOW said if you look at Renuka Sugars, very strong support is coming in at 60-65 range. So even from an investment perspective, that looks likely to be a good stock to buy f...
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| Sugar, in the two or three trading sessions selectively whether it is Bajaj Hindustan or Shree Renuka, we have seen some pretty strong upticks. Now even if it is a technical rebound, can you play it for a day trade either long or short, you got a call out there on sugar?
We have a long call on Renuka Sugar in our today's recommendation. With a stop of 71.5 we are looking to buy Renuka Sugar for a target of 77 and 79 to possibly have them in a day trade or over the next couple of trading sessions. Also if we were to look at Renuka Sugars, very strong support coming in at 60-65 range. So even from an investment perspective, that looks likely to be a good stock to buy from these levels.
We have a long call on Renuka Sugar in our today's recommendation. With a stop of 71.5 we are looking to buy Renuka Sugar for a target of 77 and 79 to possibly have them in a day trade or over the next couple of trading sessions. Also if we were to look at Renuka Sugars, very strong support coming in at 60-65 range. So even from an investment perspective, that looks likely to be a good stock to buy from these levels.
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