Ready for breakout - EID Parry

Dec 6, 2023

EID Parry has made double bottom after about a year of consolidation. Now it is ready to give a breakout which will break its lower-high pattern and give a boost for new highs.
Stock has seen good volumes during past a few weeks, giving confidence for a breakout soon.

CMP: 565
Breakout level : Today's high (579)
SL: 560
Targets : 540 / 700

Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.

Dec 6, 2023

Note

I see an idea in the post.
Target should be 640 / 700, and not 540 / 700.

Please take correct value :)

Dec 7, 2023

Note

Stock went against the expectation and did not trigger the breakout level.

Dec 13, 2023

Order cancelled