#PARAGMILK consolidation near 3 month in a tight range.
100 Weekly EMA was previous resistance and become support. Also 120-125 zone act as strong support.
I feel down side is very limited.
I am expecting 170, 200 & 260 for Positional trade.
The analysis is given on the chart
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Parag Milk is into dairy products and have released their Quaterly financial Statement with a drop of 90% PAT, This could be the reason for the recent sell off. The CMP 97.5 is really close to a crucial support level along with the RSI indicating it to be in the oversold region for Parag Milk Foods on the 30m Chart as well as the 5m, 45 and Daily chart. This...