Sugar sector started showing signs of turnaround in Sep-October 2015. I tweeted about it back then.
Sugar price after a long time has seen such a strong jump in Global markets. Good news for local sugar producers pic.twitter.com/lbqIohB2Ow
— Deepak Singh (@smarket) October 20, 2015
Stocks of the sector that were down and out suddenly made a dramatic turnaround. The good news: Turnaround sustained for few months - resulting in people changing their view about the sector
Even large influential investors like Porinju started talking about it
— Porinju Veliyath (@porinju) November 13, 2015
Here's the Chart of Balrampur Chini stock over last 8 months
Lesson we can learn
Never ignore the signs of turnaround that sustains over few months. Even if one enters 2-3 months later, still one can capture large part of that move.
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers