Parag Milk Foods (Keep in your watchlist):
1. A steep ascending triangle pattern formation.
2. Going through the consolidation phase around a long term resistance of 125.
Breakout above 130 will ensure upmove.
SL: 120.
Parag Milk Daily long term trendline BO happened.. Now its a inverted head n sholder BO with good retest of neck line. Daily candle having support of 200 ema.
Good to buy at 104 for target of 147 with sl of 94
NSE:PARAGMILK
The stock is at very important level .
The stock is at resistances daily level which it will break we can see a great upside movement . of 110
As we can see a engulfing candle and a dojji
if it breaks down it will then also there will move . till 72
This is for educational purpose
This is follow-up on PARAGMILK. Can check link to related ideas.
Target 1 achieved. More than 28%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss 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...
Paragmilk- Perfect breakout and retest done. Can enter if it opens above the range on Monday. Consolidated for long before this breakout and it is also supported by a volume spurt. SL of 2% can be maintained and trail your SL if its goes up.
The stock is making an ascending triangle pattern on weekly chart and looks good positionally above 158 level for a target of 197.
Learn & Earn,
Dr. Tanya Kumar
Chart is self explanatory
Enter Around 130-135
Closing Below the channel on daily chart should be considered as STOP LOSS.
FMCG Index has been under performing in few months.
Disclaimer: This view is for only educational purpose
