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Strong buy for Parag Milk for closing above 295
I WILL WAIT FOR PARAG TO TEST NECKLINE BEFORE OPENING A POSITION.
refer chart for levels
Good for long term investment.
Stay invested for 1-2years and can expect good returns.
Current SL 735. Maintain week's low as TSL.
Long time breakout at CMP or Buy above 244, maintain SL 206
Parag Milk products have fallen with Good volumes.
In the medium term the price shall fall to S1 (194.22) and bounce back to T1 (234.29) and T2 (258) levels.
Long term support is at 105.14
IN budget 2017 government has given many surplus to dairy sector yet the major Stocks like Paragmilk haven't broken out of the channel and my view is they will do so in the weeks coming by
One Can Look To Go Long With 6 to 12 months Horizon.
*Note: The Given Trade is Personal Opinion Not Recommendation!