Friday, 1 April 2016

Uttam Sugar Mills- Trading stock

    Uttam Sugar Mills is looking very good and showing good strength on chart. This stock is currently trading at Rs.36.95/- on NSE with huge volume. One should buy it with strict stoploss of Rs.34/- for intraday 1st target of Rs.38/- , 2nd  target of Rs.39/- and 3rd target of Rs.40.50/-. One should hold this stock with above said stoploss. The stock is trading at multi year high. A fresh momentum should be seen in this stock from these level. In short term the stock may see the level of Rs.45/- to Rs.50/- Now the stock is trading over its 200 days moving average with almost 49% delivery volume. One should hold it patiently.

 I am not registered with SEBI and also not have any financial interest over any particular stock. Here  I share only my personal views and ideas of trading and investing in the Indian stock market. Before investing or trading one should consult his professional adviser or should take his own decision. I/blog author will not be responsible for any loss or profit due to trade or invest through effecting by my ideas or views. Before trading or investing one should apply his own mind or consult his professional financial adviser.
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