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 :
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...
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Accumulate eidparry with good fundamentals
Good promoter group
market cap of 9.5 crs
P/E ratio-10
Book value-1.5 times
Roe-16%
Dividend yield-1.75 times
Sales growth-16 to 18%
EIDPARRY DAILY CHART
Cmp 522.25 Target 579 Support 500
EIDPARRY has witnessed a trend line breakout, post retesting the line, making a classic bull case.
It's only an observation & not any suggestion.
1. Support at Rising Trendline:
The candle on the weekly chart indicates that the stock has found support at a rising trendline. This signifies a potential area of increased buying interest, reflecting a positive sentiment.
2. RSI Signals:
The Relative Strength Index (RSI) is displaying positive divergence and showing good support. Positive divergence might...
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The chart appears to be displaying a bullish pattern as the candle breaks through both the descending trendline and Gann levels, accompanied by significant trading volumes.
Here are some notable advantages:
1. Robust trading volumes.
2. Successful breakout above Gann levels.
3. Government initiatives related to ethanol, which could positively impact the situation.
EID 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
E.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...
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.
Descending channel breakout expectation in EIDPARRY
EIDPARRY INDIA LEVEL FOR TOMORROW....
Follow strict risk reward and stop loss...
Consider charts for educational purposes..
