May 24, 2010

RENUKA SUGARS LTD positive divergence.

RENUKA SUGARS LTD DAILY CHART
  • Renuka sugars Ltd has been showing divergence for quite some time now. 
  • But no one knows when it will show its effect. So we have to go by the price action.
  • There was one break out above the 20 SMA which did not last. 
  • And with so much positive divergence the next break out may give a good long trade.
thank you

No comments:

Post a Comment