Go long as stock, stock as broken trendline and previous high strong bullish candle.
EIDPARRY - BREAKOUT - RETEST - WITH GOOD VOLUME
Check The Chart for Target & Stop loss
This idea is for Educational Purpose only
Intraday buying opportunity in EID parry
EID PARRY has been in an uptrend since march 2020, It was consolidating after a mojor breakout from the resistance of 393 level, yesterday it has given a breakout of a flag.
E.I.D PARRY has given a buying signal
1- MA80 crossed price line from bottom
2- It crossed the upper band of bollinger band .
Looks like a good trade. 2nd target 570
Strict trail SL if momentum picks up
Target expectation: 3-6 Months
>>Even if SL/Target Hit, you'll see horizontal levels marked being respected mostly
After a good spurt in price, the price is forming ascending triangle pattern, can give good returns
This chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.
EIDPARRY BREAKING OUT OF PENNANT PATTERN
PULLBACK TO THE EARLIER BREAKOUT IS SEEMS TO BE OVER
Another Sugar stock on the verge of a 10+ year channel breakout..
Long above 455...
SL below 425.
Educational. Monthly chart.
Monthly chart for Eid parry sugar industry.
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...
Strong entry point for initiating Longs ?
Daily RSI @40
Weekly RSI @60
Monthly RSI @60
Target 1 293
Dragon fly doji
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price at long term support
looking week on daily