SOME SUGAR STOCKS

In the previous post of performed stocks list, sugar stocks are the top most gainers, in fact , it is not surprised one (at least for me) but it was expected and anticipated.

Holding the sugar stocks in the last 10 years is not the matter but when the momentum starts after a long consolidation/congestion , whether we bought and hold in this momentum is the matter because this is the cream, which must be capitalize and we also know that these momentum can't sustain very long period also.

The following text was sent as a mail to some of my privileged people on 15th Nov. 2015 itself.

The text starts with....

As for as Sugar stocks concerned, NSE alone almost 26 stocks listed. In general, there is no individual character for sugar stocks , all sugar stocks behave wholesome in up move and in the same way, down move also they behave wholesome only. So the general pattern and movements are look like PSU bank stocks.

In U.S., Sugar moved up from Sept. on wards after a bottom formed in Aug. and already it move up from $10 to $ 15 that is 50% from the low. As per my understanding it face resist between $18--- $ 20.(not expect much more beyond that at least for another 6 to 12 months).

U.S. SUGAR monthly

In INDIA.

Here, sugar stocks have started some upward momentum in Oct on wards, It seems that the momentum going to continue some more months irrespective of the market condition. (because it did't not participate any move in the last 10 years).

The followings are levels of some sugar stocks :

(Click the below charts to see the zoom view and its levels)

DHAMPUR SUGAR