KCP Sugar India Breaks out Consolidation (Investment Call)

9 בספט׳ 2016

On a monthly chart, the price action has broken out from a consolidation range that indicates bullishness and buyers dominance. Previous month the stock corrected 25% and retraces back to the previous breakout levels or resistance. The prices may go down further to 28 levels but eventually it will rise with the time and may cross over all time high of 45 levels. At current price levels, it is an opportunity to invest and gain returns above 35% in few months time. Stoploss shall be 25 levels.