EIDPARRY
SWING IDEA - EID PARRY INDIAExploring 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 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
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@visionary.growth.insights
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.
#AVADHSUGAR #RAJSREESUG #UGARSUGAR #MAWANASUG #KCPSUGIND #NIFTY
#AVADHSUGAR
NSE:AVADHSUGAR
CMP: 544
TP: 684
SL: 494
TF: <6m
RR > 2.8 times
Return 25%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#ZUARIIND #RENUKA #EIDPARRY #RAJSREESUG #KCPSUGIND #UGARSUG #ETH
#ZUARIIND
NSE:ZUARIIND
CMP: 150
TP: 190
SL: 134
TF: <6m
RR > 2.8 times
Return 28%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#MAWANASUG #TRIVENI #BALRAMCHIN #RENUKA #EIDPARRY #BANARISUG
#MAWANASUG
NSE:MAWANASUG
CMP: 99
TP: 135
SL: 80
TF: <6m
RR > 1.8 times
Return 36%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#RANASUG #MAWANASUG #KCPSUGIND #RAJSREESUG #UTTAMSUGAR #ethanol #RANASUG
NSE: RANASUG
CMP: 24.30
TARGET: 30+
SL: 22
RR: >6 times
Return > 26%
Timeframe: <9M
#RANASUG #MAWANASUG #KCPSUGIND #RAJSREESUG #UTTAMSUGAR #AVADHSUG
NSE: RANASUG NSE: MAWANASUG NSE: KCPSUGIND NSE: RAJSHREESUG NSE: UTTAMSUGAR NSE: AVADHSUGAR NSE:DALMIASUG NSE:DWARKESH NSE: RENUKA
CAN BREAK ALL-TIME HIGH IN FUTURE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
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 - 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