EID PARRY: Long Term SetupThe chart provides delineates critical price thresholds that signify breakout points, along with specific support levels that serve as indicators of where buying interest may manifest.
Additionally, the chart highlights regions likely to act as ceiling points for future price ascensions, allowing for informed decisions on entry and exit strategies.
Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Investors are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
EIDPARRY
Breakout Blitz: 3 Stocks to Supercharge Your Portfolio◉ Affle (India) NSE:AFFLE
● In the midst of an upward trend, the stock previously formed a Rounding Bottom pattern, and after a breakout, the price experienced a significant surge.
● However, around the 1,715 level, the stock encountered substantial resistance, leading to a decline followed by a period of consolidation.
● Recently, another Rounding Bottom pattern has been developed, and with a recent breakthrough, the stock is now trading at an all-time high, with expectations for continued growth.
◉ KFin Technologies NSE:KFINTECH
● The stock price is evidently trending upward, characterized by a succession of higher highs and higher lows.
● After effectively breaking out of the Rounding Bottom pattern, the stock saw a significant increase, approaching its previous all-time high around the 1,190 level.
● However, it encountered substantial resistance at that point, leading to a pullback and a subsequent consolidation phase.
● Now, following a recent breakout, the stock has positioned itself above the breakout zone and is ready for a potential upward rally.
◉ EID Parry NSE:EIDPARRY
● After a period of consolidation, the stock price has developed an Inverted Head & Shoulders pattern.
● Following the breakout, the price initially climbed sharply but soon entered a significant consolidation phase, resulting in the formation of a Broadening pattern.
● Currently, the stock has achieved a breakthrough and is set to enjoy additional gains.
EID Parry Update 9 May (29 April)EID Parry’s Q4 results are not announced yet and that’s one major reason the stock hasn’t moved decisively. Once results are out of its way, it is likely to continue its journey up (unless results are too bad). Any fall towards 590-580 levels should be treated as an opportunity to accumulate.
This is not a trade recommendation. Please do your own due diligence/analysis.
EID Parry Looking GoodNSE:EIDPARRY is looking good on Daily TF, can start its new up move and Continue the Uptrend on Weekly TF.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
EIDPARRY - Ichimoku Breakout📈 Stock Name - Eid Parry India Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 815.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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EIDPARRY - Breakout Stock EIDPARRY
Stock looks good above 670 in the midterm to long term. Keep in radar and put alert @670.
It has a potential to test 963-1000 in short term and then sky is the limit.
Risk will be last swing low in weekly TF at the time of breakout. As of now 550 will be initial risk.
EID Parry for 40% gainIn the longer time frame, the stock seems to be in Wave 5 that could lead to about 1000+ levels. The present level (620) is part of Wave III that may culminate at around 880 which is also the 1.618 fib level as seen in the chart. This doesn’t mean that the rise will be a straight line. The zigzag move may take some time but even if it takes 6 months or more to reach 880 (40% gain), the return is good. Any fall towards 590 levels should be an opportunity to add. This is not a recommendation to trade. Please do your own due diligence.
EIDPARYY- unrestricted-volume-growth-3-months-time-frame-veritasEIDPARYY- unrestricted-volume-growth-3-months-time-frame-veritas
But used Past months or 45 days back to see, stock thath touched 144 or its low below it ND THn recovered from there or recover after spending time there.
Quick gains can be made of about 50 %
1) Ema supprt
2) volume positive
3) 50 % target
EIDPARRY | Swing Trade📊 Details
EID Parry is engaged in Sugar, Nutraceuticals and ethanol production. It also has a significant presence in the Farm Inputs business including Bio pesticides through its subsidiary, Coromandel International Limited.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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EIDPARRYEIDPARRY:- Rounding bottom pattern is formed, wait for breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
EIDPARRY - Ichimoku Bullish Breakout Stock Name - Eid Parry India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 640
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
E.I.D-Parry - Long Setup, Move is ON...#EIDPARRY gave an entry at 419.05 on breakout.
Has moved from 419.05 to 619.95 levels.
It is now trading above Resistance 1 of 572.60.
Next Resistance 2 is at 861.
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
EIDPARRY - Ichimoku Bullish Breakout Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 591
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.