Attempt a breakout some days earlier and now consolidating for the next up move.
Parag Milk cmp 96.5 Good Breakout with Volumes. Add above 98 . Immediate Target ~110
Buy from < 135 daily clbs sl 130.7 tg 155/164/176 buy only at lower levels.
ONCE PARAG MILK STARTS TRADING ABOVE 264, ENTER FOR TARGET OF 298 IN THE COMING DAYS. STOCK SEEMS TO HAVE GOOD SUPPORT AT 257. A PENNANT FORMATION IS OBSERVED FOR THE LAST THREE DAYS. AS THE FUTURE CLOUD AND TWIST ARE PRESENT, AND OTHER INDICATORS ARE BUY MODE, TARGET SHOULD BE ACHIEVED.
Looking at current situation we have flag and pole breakout. My target is 10% which is 280 lvls in coming 2-3 weeks.
I expect another upmove followed by a range bound down move the stock posseses good fundamentals. buy for both short and long term.
Strong buy for Parag Milk for closing above 295
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
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!
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