#SUGAR
Shared this update on sugar stocks in Feb on telegram.
Some of them have moved a bit but this is just the beginning.
Way sugar is setting up, it can very well replicate pharma rally of 2020.
However, looks extended on smaller tf. Will wait here for some retracement.
More from Mayank Narula
#Bitcoin
Monthly divergence may come into play.
I said best case scenario is market dump over next few months, and it's happening now.
I won't be surprised if it takes off to new all time high after flushing out new entrants.
Monthly divergence may come into play.
I said best case scenario is market dump over next few months, and it's happening now.
I won't be surprised if it takes off to new all time high after flushing out new entrants.
#BITCOIN
— Mayank Narula (@Mayank_Narula1) March 5, 2022
Pending RSI divergence on monthly chart which requires a dip under 13805 to get resolved.
But monthly RSI divergences can go on for years before the resolution.
Best case scenario will be panic dump over next few months. pic.twitter.com/hi67hMg9sZ
More from Sugar
A thread I had done in sugar industry last year. A few things could have changed. But, I think there are huge challenges to the E20 story. Do we have underlying dynamics in place. Do read how much time it took for Brazil.
Disc: Invested in sugar only as tactical play.
Disc: Invested in sugar only as tactical play.
Sugar Industry Insights (Feb 25, 2020)
— Jiten Parmar (@jitenkparmar) February 25, 2020
Last few years sugar industry has been a beneficiary of government largesse. Sugar cycle turned in 2015. Post that there has been surplus production.
The other just entered into quality territory today 😜
Quality hone ke liye HIGH PE hona jaroori hai
Quality hone ke liye HIGH PE hona jaroori hai
Ethanol plants need incineration boilers
— Siddhartha Bhaiya (@sidd1307) June 29, 2021
There are only 2 major manufacturers in India
One is thermax. The other is homework \U0001f61c#valueinvesting #Investment #investing #aequitas