SUGAR STOCKS - 17 MONTHS SWEET SPOT
Now sugar sector uptrend phase 17 months old.
How long it can sustain ?
Can history give some clue ?
May be.
Last Sugar Sector uptrend phase life was 3 years ( May 2003 to April 2006) after that 9 years downtrend & consolidation phase(2006-2015)-1/2— Murugavel (@murugavell) February 10, 2017
-2/2, Present uptrend phase in Sugar Sector started in Oct 2015, price-wise already several X rewarded & now we are in 17th month— Murugavel (@murugavell) February 10, 2017
If history repeats, time-wise, we are in half way mark so can expect sugar sector top out / peak out somewhere 3rd Quarter of 2018— Murugavel (@murugavell) February 10, 2017
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Points to be remember :
Time-wise ,already, it crossed half way mark
and
Price-wise,already, gave several times.
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