A promising range breakout formation and long bullish candle are indicating further upside from the current levels. For the breakout traders, 415 would be the key level to watch. Overall chart structure suggests if the stock sustains above the same, then the breakout continuation texture is likely to continue up to 460-480.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20