Take long position once its break All time high. already sugar stocks posting good results this quarter
As per my analysis NSE:EIDPARRY has been a bullish breakout on 4 hours range consolidation. Re-test level of 463-465 could be best buy opportunity with stop loss of 453 (-10 or 12 points risk). My expected upside target would be 474 (+11), 481 (+18) & 497 (+34). Note: This is my personal analysis, only to learn stock market behavior. Thanks.
As per my analysis, NSE:EIDPARRY best buy level is 594 with stop loss of 580 (-14 Points). My expected target will be 603 & 626. This could be low risk and high reward idea. Note: This is my personal analysis, only for learning. Thanks.
EID Parry CMP 544. Fresh entry / compounding can be done in EID Parry after closing over 550. Targets for EID Parry Will be: 576 and long term target 620.Trailing stop loss to be maintained at closing below 450. Ethanol and Sugar Trend will continue for a while. Though there will be volatility and traffic will not be one way but the theme should continue for some time.