Technical Oversold: Dhampur Sugar likely to bounce towards 250-255.
As we have recommended few technical oversold stocks like Uttam Sugar, Force motors, BSE, Greaves Cotton earlier.
We are expecting a short term rally in Dhampur Sugar.
Market Price: 214.6 Target 250-255. SL 200. Downside risk: 7% Upside reward: 16%.
Stock to find momentum above 225. Revised SL if stock goes above 225 to 210.