Hi Guys,
First of all a word of caution. The market is looking toppish. Do not go on buying overdrive. The Nifty is looking like forming a rounded top. But it does not mean selling out since it has not broken down below 50 day EMA significanlty and the trendline is yet to be tested which is around 4820. But be cautious.
The pick is Simbhaoli Sugar. Forming a very nice pattern. Looking like a probable triangle breakout. Buy with a stoploss at 68. Target would be in range of 90-95.
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