Technically, this stock is almost at a supply zone and can be expected to have a price fall before starting a possible rally upwards. Governments decontrolling of sugar may get investors’ focus on this sector. I would suggest an entry @ 20-20.5 levels with a target of 22-22.5 and further 24-24.5 (a well tested support level in Jan as well as Jun ’12). Today, the stock has spiked once @24,9, which is a positive sign for all the investors who plan to get into this stock @20-20.5 levels.
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