Here is a technical chart of Renuka Sugars Ltd., listed on Indian stock exchange, with ichimoku kinko hyo indicator.

 

 



 

 

This chart is also in downtrend. Leave kumo, it tried to cross kijun-sen line several times, but faced string resistance there. Kijun-sen line is blue line in the above chart. So, do not make hurry to buy the stock even at these levels. Wait for it closing above kijun-sen line to buy it  i.e. above 50. Next resistance will be at 70-82.

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Admin December 22, 2011

https://www.investmentkit.com/articles/wp-content/uploads/2011/12/renuka-sugars-logo.pnghttps://www.investmentkit.com/articles/wp-content/uploads/2011/12/renuka-sugars-logo-150x144.pngAdminStock MarketAuto,Draft,hurry,Ichimoku,indian stock exchange,indicator,kinko,kinko hyo,line,Ltd,nbsp,resistance,several times,stock,TechnicalHere is a technical chart of Renuka Sugars Ltd., listed on Indian stock exchange, with ichimoku kinko hyo indicator.         This chart is also in downtrend. Leave kumo, it tried to cross kijun-sen line several times, but faced string resistance there. Kijun-sen line is blue line in the above chart. So,...Educating Investors

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