Target : 530+ and Long term: 850++
SL : 395 ( closing basis)
Reason : Increasing its foray into Ethanol Production, Govt. making mandatory to make flexible engine to support the Ethanol blending with petrol .
Rounded bottom breakout in EID parry happened in month of MAY ..
Recent breakout has broken through its consolidation phase and can be heading towards its new High
Short term target 625
Medium to long term 800
SL 300
RANGE BREAKOUT - VOLUME IS GOOD
Buy@cmp
TGT - 510 & 530
Disclaimer
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not...
The stock has broken the patten and is expected to reach higher. Refer the chart for details.
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This scrip is expected to give breakout as it already got rejection and it is on the verge of breakout. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏🙏🙏
EIDPARRY is beginning an upmove. It has broken the trendline support and intermediate support and started moving up. I would look for targets of 470 and 515, with a stop-loss if the trendline support is broken.
Discl : active in trade.
Why i chose? Ascending triangle on day tf breakout has the highest probability of win ratio. stock has made a good base for months in same zone. only minor issue i have is the bottom w pattern the stock has made, but should not be an issue since upside candles is having more volume which means stock doesn't wan to go below 390.
En-...
Discl : active in trade.
Why i chose? Ascending triangle on day tf breakout has the highest probability of win ratio. stock has made a good base for months in same zone. only minor issue i have is the bottom w pattern the stock has made, but should not be an issue since upside candles is having more volume which means stock doesn't wan to go below 390.
En-...
Wait And Watch ??
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Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the...
The stock has given a trendline breakout and reversed on 20/50/100 EMA.
RSI is also showing a clear trend reversal. Stock looks good above 431 for a target of 470 positionally.
Learn and earn,
Dr. Tanya Kumar
Sugar Industry stock are in focus most of the stock has moved more then 100%
After breaking multi year resistance the stock is now near its demand zone
Risk reward ratio is favorable at 360-370 levels
At this level there is good supply zone which should act as demand zone now
This is also supported by 200DEMA
STOCK is in uptrend and now retracing
360-370 zone are...
EID Parry Cmp 419 dated 26.8.2021
1. Rectangle Support @ 380.
Buy for a tgt of 430-450-470
higher tgt of 560 SL 380
It is just a view, pls trade at your own risk.
E.I.D.-Parry (India) Ltd. engages in the manufacture and marketing of sugar. It operates through the following business segments: Nutrient and Allied Business, Crop Protection, Sugar, Co-generation, Distillery, Nutraceuticals, and Others. The company was founded on September 22, 1975 and is headquartered in Chennai, India.
NSE
