E.I.D.-PARRY(INDIA

NSE

EIDPARRY

EID 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...

Eid 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.

Retraced from long term 61.8 fibo level and crossed with strength BO1 + BO2 Bottom is confirmed on Weekly Reversal confirmation on Daily CCI(D)>100 Can start a EW (3) on the M charts SL 176

structurally bullish

E.I.D. Parry (India) Ltd. Entry: 350 Target: 373 Stop Loss: 336

EID Parry can be added at 279.50 and 270.05 for target 326 .. Stoploss can be placed at close below 263.50. A strong scrip available at decent valuations. Expecting the price to go much higher in times to come.

NSE:EIDPARRY

IF EIDPERRY closed below 230 then there bearish can come but if ablt to hold current levels and bounce from here then it will touch new high..