Magadh Sugar !! Standing at ATH !!

Hello 👋

Today I have picked one more break out stock.
The name of the stock is "Magadh Sugar"

Stock has been reports strong financial growth, as net profit rose to 21%

Technical Aspects.

Currently stock showing good price action on chart as price is at its all time highs..

RSI - the momentum indicator showing strength as currently it's inclined & above 64.. bullish..

Also classical inverted cup & handle pattern made in weekly TF

720 to 744 coming as support
Since 21st June stock traded between 854 to 750.. & it's ATH was 865 made in Nov 23..

As all aspects showing good upside potential stock may cross it's ATH in near term.

It's my view. Please DYOA. No buy or sell recommendation 🙏

Thank you.

!!! Nifty 50 closed positive today !!!