Shree Renuka Sugars: “May go to ₹50 if it stays above ₹25” – Does it make sense?Shree Renuka Sugars is a cyclical sugar & ethanol company, so price action + fundamentals both matter here.🔹 1. Why ₹25 is a critical levelFrom a technical point of view:₹25 acts as a major psychological and structural supportEarlier, price struggled around this zone → now it’s trying to turn resistance into supportIf the stock:Closes above ₹25Holds above it for weeks (not just one day)then probability improves for a trend continuationp

📈 Shree Renuka Sugars: “May go to ₹50 if it stays above ₹25” – Does it make sense?

Shree Renuka Sugars is a cyclical sugar & ethanol company, so price action + fundamentals both matter here.

🔹 1. Why ₹25 is a critical level

From a technical point of view:

₹25 acts as a major psychological and structural support

Earlier, price struggled around this zone → now it’s trying to turn resistance into support

If the stock:

Closes above ₹25

Holds above it for weeks (not just one day)

then probability improves for a trend continuation

📌 In simple words:

Above ₹25 = strength

Below ₹25 = caution

🔹 2. Can it really go to ₹50?

Yes — but conditionally, not automatically.

📊 Technical logic

₹50 is a round-number target

It aligns with:

Previous long-term resistance zones

A potential 2× move from a strong base

Such moves usually happen in phases, not straight lines

👉 Expect pullbacks, consolidations, and time correction.

🔹 3. Fundamental support (very important)

Shree Renuka’s story depends on:

🍬 Sugar cycle (prices + government policy)

⚗️ Ethanol blending program in India

💰 Debt management & cash flow

🌍 Global sugar prices (Brazil, exports, crude oil link)

If:

Ethanol demand stays strong

Sugar prices remain supportive

Debt continues to reduce

➡️ Then ₹50 over the medium–long term is possible, not guaranteed.

🔹 4. What can go wrong? (Reality check ⚠️)

No analysis is complete without risk:

Sugar is a highly regulated sector

Government export bans / price controls can hurt margins

If the stock fails to hold ₹25, then:

₹22–20 zone can come again

Momentum breaks

📉 So the condition matters more than the target.

🔹 5. Simple summary (Trader-friendly)

✅ Bias: Positive above ₹25

🎯 Long-term possibility: ₹40–50 (with time + fundamentals)

❌ Invalidation: Sustained move below ₹25

🕰️ Patience needed: This is not a quick lottery stock

📝 Disclaimer

This is not investment advice.

I am sharing educational market observation only.

Stock markets involve risk. Please consult a SEBI-registered advisor before investing.

Written with AI