Renuka Sugars: Symmetrical Triangle Breakout with Volume Spike

9月29日

The stock is forming a symmetrical triangle pattern indicating a potential breakout above 52. The stock is supported by a strong uptrend line and volume spikes suggesting increased buying interest. The sugar sector is again showing strength which adds to the bullish sentiment. A sustained move above 54 could lead to a sharp rally making it an attractive entry point for long positions.