Eid Parry Double Dip In Buying Zone with DivergenceEID Parry with increasing promoter holding and signs of strength in the chart is a buying opportunity.
Buy Price 480
Qty 25
Target 600+
Long Term 1-2 Years
EIDPARRY trade ideas
Eid Parry trying to parry out of tough timesE.I.D. Parry (India) Ltd. is engaged in the business of Sugar and Nutraceuticals. The company is amongst the leading sugar manufacturers in India, E.I.D. Parry’s 9 sugar plants are spread across South India. It is also a part of the INR 369 Billion Murugappa Group, one of India’s leading business conglomerate.
E.I.D. Parry (India) CMP is 480.70. Negative aspects of the company are declining annual net profits, promoter decreasing stake, FIIs are decreasing stake and MFs are decreasing stake. Positive aspects of the company are no debt and improving cash from operations annual.
Entry after closing above 488. Target of the call will be 507 and 546. Long term targets in the stock will be 584 and 629. Stop loss in the stock should be maintained at closing below 435.
EIDPARRY BUY SETUP 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.
#EIDPARRYEIDPARRY
consider taking a long entry on this trade once its closing price is above the trendline.
channel for informative and educational purpose onlychannel for informative and educational purpose only
eid parry looks good for positional taking support at long term trendline for the fourth time keep an eye on this one
Eidparry view for today 7th Feb TuesdayEidparry view for today
Ascending channel continuation expecting in Eidparry
Please follow strict risk reward and stop loss
Thanks,
V Trade Point
Descending channel breakout expectation in EIDPARRYDescending channel breakout expectation in EIDPARRY
EIDPARRY INDIA LEVEL FOR TOMORROW....
Follow strict risk reward and stop loss...
Consider charts for educational purposes..
EIDPARRY Low Risk High Reward IdeaAs 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 ready to flyEIDPARRY has been consilidating in from lomg time.
Today, it has finally given breakout of this consolidation.it cna easily move 5-10% from here.
Support is 540 DCB.
Cup and handle baseClean and simple base breakout
Trading above key moving averages and at highs
VCP characteristics
Entered at 573 with 10% position size
Stop loss at 547
Publishing for my own reference. Not an investment/trading adivce.
Absorption of supply - EID PARRY 1D We can clearly see the selling legs , which seems strong enough to get absorbed. Yesterday we got a good rally of around 8.5% (market closed). And today we can see a tiny selling candle , which shows some signs of buyers at supply and absorption of selling. If we see more good buying candles or tiny selling candles. We can say the buyers are taking charge for the further ATH rally and it defines the absorption of supply
EID Parry#EIDPARRY
This stock looks strong still. RS with blue dot.
Done well 2 days (13,14 June 2022)
Already in position in portfolio.
EID PARRY looking to pack a PunchEID 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.
EID Parry coming in Bulls territoryAbove 550 EID Parry will blast.
HnS formation is also there in the charts.
EID Parry - Positional Pick EID Parry
Positional Pick
Entry Levels : 495-505
Expected Levels : 545/575
Stop Loss : 475
EID PARRY | Stock within 52 week High Zone | Near ATHStrong Stock
As overall Sugar sector boom High chances this stock will give big Breakout
Continuous Delivery can be seen
Also Consolidation Near ATH
Daily RSI took support at 60
EID Parry India Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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EIDPARRY - BREAKOUT - RETEST - WITH GOOD VOLUMEEIDPARRY - BREAKOUT - RETEST - WITH GOOD VOLUME
Check The Chart for Target & Stop loss
This idea is for Educational Purpose only
Go Long - EIDPARRYEIDParry, close above 530, one can go long. Good momentum and bullish candles observed trying to take out previous highs with good volume.
R:R : ATR: 1:3
