EIDPARRY
EIDPARRY | Broke 5months consolidation. Looking good for 340-380# EID PARRY
- Recently broke the consolidation channel of 5 months with good strength
- Small support at 325 and the next strong support is at 315.
- Can add till dips 315. SL 200
- Closing and sustaining above 337-340 could give more upward movement.
- 390 Approaching multi-top
Swing trade: watch for range breakoutTried many times to break this range, will bet on this with strict SL of 300
Buy above 316 target 330, 360 Sl- closing below 300
Triangle breakout on cards - 340 targetPrice gently took support and resistance inside a triangle pattern and breaks the pattern yesterday and reached the resistance. If breaks this levels then it will reach a target of 340 - 350 levels.
The best entry for this kind of trades are triangle support levels, sometimes the buyers after breakout exhaust and give up so that one who entered at breakout have a chance of stop hit.
FLAG breakout tradefor me flag is most powerful pattern
Earned 3% in intraday on flag pattern breakout.
bought at 298.90 sold at 307.90 my stoploss was 295.80
E.I.D PARRY Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
EID Parry : Long term support lineEID Parry has bounced back from the long term support line. Weekly volume and candle is positive supported by RSI & CCI crossover. Daily RSI & CCI are in positive zone. 147 is the major support and 205 is the major resistance. Trader can trade the zone till the time stock is in range.
Value buyers with risk appetite can buy in dip at 175 with stop loss below 140 ( daily close) and hold for revisit of 350 level.
Trend buyer can wait for close above 205 and then go for buy with stop loss below 185 for target 250
Upside for Sugar Yet?Sugar prices (SUGAR- USD) might see an up move over the next few days. As always, this could be a corrective up move or it could be a move thats going really far- its too early to say but I guess any Up move followed by a consolidation- at least in the short term, are buying opportunities. Now how that translates to Indian Sugar stocks is something that Fundamental Analysis experts can shed light on.
Short Term Buy SetupEid Parry could be in a Flat pattern consolidation. The waves A,B are done and we might possibly get a wave C- a move UP in the 1 hour time frame. Risk Reward seems good too. But first, let it finish its current lower time frame consolidation.
