EID PARRY SUGAR ( cup and handle ) In weekly time frame it has crossed last week high and expect for more bullish in coming weeks .
EIDPARRY trade ideas
EID PARRY forming ascending triangleAfter a good spurt in price, the price is forming ascending triangle pattern, can give good returns
EID Parry (India) LtdThis chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.
EIDPARRY PENNANT PATTERN BREAKOUTEIDPARRY BREAKING OUT OF PENNANT PATTERN
PULLBACK TO THE EARLIER BREAKOUT IS SEEMS TO BE OVER
Eid Parry - Channel BreakoutAnother Sugar stock on the verge of a 10+ year channel breakout..
Long above 455...
SL below 425.
EID PARRY - BULLISH BAT PATTERN FORMATIONEID PARRY
BUY @ 305-310
STOP @ 295
TGT @ 325-350+
Note: It's preempted Harmonics Chart so the probability of entry with risk reward shd strictly be with the levels given above... Also view negate if close below 295 on Hourly to 4 Hourly charts...
Flag pattern & multiple Trendline supports... Strong entry point for initiating Longs ?
Daily RSI @40
Weekly RSI @60
Monthly RSI @60
E.I.D parry on the riseLong
Target 1 293
Dragon fly doji
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EID PARRY - Good BUY at 175 to 180-185EID PARRY - Good BUY at 175 to 180-185 levels for a immediate target of 220
But its a good investment stock looking at the monthly levels where the market structure is UP for the last 15 years.
Reason for accumulation at 175 to 180-185 levels is due to over extension in price on a daily timeframe which potentialy could see a small correction before taking its impulsive UP move
Price exhaustion seen at 1.686 Fib level which indicates a small correction as of now and price 200 seems to be a important psychological barrier to break after which the price might go up
