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Par Drugs and Chemicals LimitedPar Drugs and Chemicals LimitedPar Drugs and Chemicals Limited

Par Drugs and Chemicals Limited

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Par Drugs (NSE: PAR) – Long-Term Channel Reversal | Target ₹460+Par Drugs & Chemicals (NSE: PAR) – Long-Term Channel Reversal | Target ₹460+ Technical Thesis Par Drugs and Chemicals Limited is displaying a classical multi-year bullish structure on the Monthly (1M) chart, continuing to respect a broad ascending channel established since 2020. Key Technical Observations • Major Trendline Support: Price recently completed a successful retest of the long-term lower channel trendline in the ₹81.00 – ₹95.00 support band, marking a strong structural base. • Bullish Reversal Candle: The current monthly price action shows strong buying momentum off the channel floor, confirming a trend resumption back toward the upper boundary. • Measured Target Projection: A measured swing projection from the lower boundary aligns directly with the upper resistance confluence zone near ₹465.00, representing a potential ~190%+ upside movement. Trade Setup & Key Levels • Current Market Price (CMP): ~₹156.70 • Accumulation Zone: ₹135.00 – ₹160.00 • Target 1: ₹285.00 (Intermediate Swing High / Channel Midline) • Target 2 (Primary Target): ₹465.00+ • Target 3 (Extended Target): ₹600.00+ (Upper Channel Resistance) • Stop Loss / Invalidation: ₹81.00 (Monthly close below major structural support) • Timeframe: 3 to 4 Years (26–36 Monthly Bars) ________________________________________ Educational Note Learn to Spot Multibaggers Early! You too can master price action, structural channel breakouts, and multi-year setups. Learn and Earn with ChartsBoltaHai! ________________________________________ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk appropriately.
NSE:PARLong
by ChartsBoltahai
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in PAR BUY TODAY SELL TOMORROW for 5%
NSE:PAR
by Kapil-Mittal
3
PAR - Ready to Break All Time HighThe chart of PAR Drugs shows a strong accumulation phase followed by consistent base shifts, indicating a steady uptrend with strong support levels forming at higher price ranges. Key observations: Strong Base Formation: The stock established a solid support level early on, acting as the foundation for the uptrend. Base Shifts: Multiple higher bases were formed, showing sustained buying interest and bullish momentum. 10-Week EMA Support: The stock repeatedly tested and respected the 10-week EMA, confirming it as a dynamic support level. Bullish Candle with Volume: The latest bullish candle is supported by high volume, signaling strong buying interest and potential for further upside. Huge Volume Activity: The significant spike in volume during recent moves suggests institutional participation.
NSE:PARLong
by Profit_Trader25
1