Big Breakout: Sugar stock below Rs 35 nearing a 9-year-long breakout; Is this underdog the next big multibagger to watch out for?
Big Breakout: Sugar stock below Rs 35 nearing a 9-year-long breakout; Is this underdog the next big multibagger to watch out for?

Big Breakout: Sugar stock below Rs 35 nearing a 9-year-long breakout; Is this underdog the next big multibagger to watch out for?

Back in 2014, the stock reached a high of Rs 32.60, and since then, it has meandered through a roller coaster ride. However, on the weekly chart, the stock recently notched a resolute breakout of a seven-week long double bottom pattern at Rs 28.15. Technically, it now flirts with a nine-year long rounding bottom like pattern

Karan Dsij Article rating: 3.7

A staggering six crore shares have already changed hands on the NSE, and the day is only half over. This robust performance places the stock on the cusp of a significant nine-year long breakout.

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