SUGAR STOCKS - 17 MONTHS SWEET SPOT
On 23rd March 2016, Posted here regarding sugar sector and some sugar stocks, click here to see that post.
Now sugar sector uptrend phase 17 months old.
How long it can sustain ?
Can history give some clue ?
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
Points to be remember :
Time-wise ,already, it crossed half way mark
Price-wise,already, gave several times.