Exploring the technical landscape, our focus shifts to Eid Parry India - a stalwart in the agribusiness sector. Let's delve into the pivotal factors shaping this enticing scenario.
Reasons are listed below :
Target - 733 // 815
StopLoss - weekly close below 558
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- Eid Parry India has revisited the critical level of 630, marking its all-time high, and is now positioned to potentially break through this significant barrier.
- A robust bullish marubozu candle on the weekly timeframe signals strength and conviction, reinforcing the bullish sentiment surrounding the stock.
- Following a resilient consolidation phase lasting over a year, Eid Parry India is indicating signs of a breakout, adding an extra layer of potential momentum.
- The formation of higher highs underscores the stock's upward trajectory, highlighting the persistence of a positive trend.
- Increased volume activity aligns with recent price movements, amplifying the potential impact of the stock's upward momentum.
- Trading above both the 50-day and 200-day Exponential Moving Averages (EMAs), Eid Parry India demonstrates a solid trend, providing additional confidence for a potential swing trade.
Target - 733 // 815
StopLoss - weekly close below 558
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Trade closed: stop reached