In case of doubt, it better to look at the long term charts of the leading companies in the sector to find out if there is sectoral turnaround.
Stock prices of many companies turning bullish from a very similar technical set up …all at the same time is the surest indication of a sectoral uptrend.
In sugar sector such a thing happened in early 2021…after that many frontline sugar stocks became 3-4 baggers.
As of now, among sugar stocks only Triveni Engineering is worth making fresh investment.
Sorry to say this, but i do not find indications of sectoral uptrend in sugar stocks as of now. …long term price charts are an important component of my investment strategy for cyclical stocks.
Have a look at the monthly charts of the UP based sugar mills…as per my system only Triveni and Uttam are looking good
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