After making of Double bottom now it has given a breakout with decent volume and able to close above its swing high. More upside potential expected from here.
Reason for long
a) channel breakout
b) volume bust
c)long wick down side as tail indicating the bullishnes.
d) QQE set up
f) volume and price spurt
g) super trend positive
SL compulsory
Uptrend of EID PARRY Begins. Results of Q1 and Q2 of EID PARRY always beats the market expectations. Results coming out on 9th August. On technical basis, 3 green candles with Closing price above previous day Close price. Currently forming complete bullish engulfing pattern. Hence, change in the trend from downward to uptrend. Ready to move 40%+++ from here in...
EID Parry stock is trading at a support zone in the weekly timeframe.
Hopefully, it's a chance to enter the stock's 460–470 range with a short-term target of 510.
SL could be 450.
Note: Don't invest your hard-earned money using the post. Do analysis yourself thoroughly before investing on this.
As shown in the chart, stock is following a downward trend line and now consolidating in the range of 430- 450. I hope it should break this trendline, so the next resistance should come in the zone around 520 and by breaking it, stock can start its upward journey.
NSE:EIDPARRY
EIDPARRY has broken the trendline with a good volume this is a good time to enter the stock
(do your own research before entering in stock)
you can expect the T of 856
follow on YT by clicking the icon below
EIDPARRY:- Rounding bottom pattern is formed, wait for breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know...
~EID is taking supoort on trendline.
~Weekly chart is also taking support on 20 ema.
~FERTILISER SECTOR IS SHOWING STRENGHT.
~Low risk high reward stock.
