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SHREE RENUKA SUGARS Free Trading Tips - Stock coming down from strong resistance zone, If closes below 22.80 then further weakness expecting - as per technical analysis point of view. (Updated On 25th July 2014, Friday).





  • SHREE RENUKA SUGARS is witnessing selling from its 23.6% fibonacci retracement resistance zone around 25 levels, Chart indicates closing above 25 only will favor bulls and possible to test its next 38.2% fibonacci retracement resistance, till then stock may see some weakness.
  • Daily chart indicates stock is now finding strong support around 22.80, fibonacci retracement, 100 days moving average and up channel formation line support as shown above in chart, Which indicates once stock closes below 22.80 and stays below then stock may extend its weakness for next 1-2 trading days.
    • Intraday close watch once stock starts trading below 22.80, If stays below then some selling expecting in renuka sugars.
  • If stock falls below 22.80 then will next next strong trend line support around 21.60, 18,15 & 14.50.
  • Click here to see all reports published by us on Shree Renuka Sugars.





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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.