The outlook is bullish for EID–Parry. The inventory surged about 10 per cent final week. This rise has taken the inventory effectively above the important thing resistance ranges of ₹593 and ₹606. These ranges will now act as a powerful assist. The probabilities are excessive for the inventory to maintain above ₹606 itself. Shifting Common cross-overs on the weekly chart strengthens the bullish case. It additionally signifies that the draw back might be restricted. EID–Parry’s share worth can rise to ₹650-₹655 over the subsequent couple of weeks. Merchants can go lengthy now at ₹616.65. Accumulate on dips at ₹610. Hold an preliminary stop-loss at ₹595. Path the stop-loss as much as ₹622 when the worth touches ₹628. Transfer the stop-loss additional as much as ₹635 when the worth strikes as much as ₹642. Exit the lengthy positions at ₹650.
(Word: The suggestions are primarily based on technical evaluation. There may be threat of loss in buying and selling.)
#Inventory #purchase #right now #E.I.DParry #BUY