Description
⋅ E.I.D. Parry (India) Ltd.
The stock is taking support from the convergence of uptrend line and 50 SMA.
Likely to see a bounce in the short term until 220-222 zone is protected on the downside. Next probable support comes at 209.
Overall, sugar stocks are showing strength, so if the support is held, we may see short term momentum in the stock.
KEEP AN EYE!!
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***this is my personal view. Please take advice from your financial advisor before investing.