Wednesday 2 September 2009

Shree Renuka may go up further: Mohoni

On any revival in the market Shree Renuka Sugar may go up further from here, says Technical Analyst, Deepak Mohoni.

Mohoni told CNBC-TV18, "Shree Renuka Sugar is a pure momentum play. It has been doing quite well recently. Other sugar stocks have not been so great but Renuka is moving quite differently from many of the other sugar stocks. Even today it seems to have made some sort of an intraday breakout of sorts. It is not necessarily holding out too well now with the rest of the market but any revival in the market it could go up further from here.”

Source: Moneycontrol

Posted by Harsh at 03:04

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.