EID PARRY appears to have completed a Cup-and-Handle pattern, followed by a decisive breakout above the ₹790–805 neckline and the primary falling trendline. Strong bullish closing with increasing volume supports the breakout. A bullish CHoCH and BOS further confirm a potential structural shift from bearish to bullish.
Key Levels: Prefer entry after a successful retest of neckline. Upside levels are ₹840, ₹880 and ₹920–945. A daily close below ₹760 would invalidate the bullish setup. RSI near 70 reflects strong momentum, although short-term consolidation or profit booking is possible near the overbought zone.
Educational Disclosure: This analysis is strictly for educational purposes and is not investment advice or a buy/sell recommendation. Use “NISM-certified Research Analyst; not registered with SEBI”** rather than “SEBI-certified,” provided that wording accurately reflects your status. SEBI treats NISM certification and SEBI registration as separate requirements for providing research services.
Key Levels: Prefer entry after a successful retest of neckline. Upside levels are ₹840, ₹880 and ₹920–945. A daily close below ₹760 would invalidate the bullish setup. RSI near 70 reflects strong momentum, although short-term consolidation or profit booking is possible near the overbought zone.
Educational Disclosure: This analysis is strictly for educational purposes and is not investment advice or a buy/sell recommendation. Use “NISM-certified Research Analyst; not registered with SEBI”** rather than “SEBI-certified,” provided that wording accurately reflects your status. SEBI treats NISM certification and SEBI registration as separate requirements for providing research services.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.