September 20, 2010

Shree Renuka Sugars Trading near 200 DMA

  • Shree Renuka Sugars gave a breakout from the range of 62 - 72 in which it was trading in.
  • Target for the target was 82.
  • But on its way to 82 The stock broke above its 200 DMA. If stock continues to close above its 200 DMA it can give some more up move. Breaking below 200 DMA will be negative.

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