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Garey_Singh
Jun 26, 2020 3:46 PM

E.I.D. Parry (India) Ltd. - NARROW RANGE BREAKOUT? Long

E.I.D.-PARRY(INDIANSE

Description

E.I.D. Parry (India) Ltd.

The stock is trading in a narrow range and is moving in a rising channel.

RSI is in the overbought zone and is taking resistance from 80 level.
TT2 DAILY AND WEEKLY IS BULLISH.

If the price trades above the narrow range 280, a Breakout is expected. As per current data, the nearby resistance would be the upper channel 293. The nearby support is 262.

KEEP AN EYE!!

***this is my personal view. Please take advice from your financial advisor before investing.
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