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Technicals for E.I.D.- Parry (India) Limited
By MusingTheNews
2025-04-25 20:32
Overall Technical outlook
Price Summary
With a -2.55% tumble, E.I.D.- Parry (India) Limited enjoyed a poor day in the stock market. 2025-04-25, saw EIDPARRY's stock open at 867.1, hit a peak of 868.35, fall to a low of 829.0, and close down -2.55% at 845.0, with 301795 shares changing hands. Throughout the 52-week period, the stock hit a high of 981.75 and a low of 607.7.
Technicals
Support and Resistance: The price of 845.0 is supported at 842.4 and faces resistance at 896.7. This range suggests key levels for EIDPARRY where the price may stabilize, with 842.4 acting as a support and 896.7 as a cap on gains. Support/Resistance for EIDPARRY
Aroon: The AROON is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Aroon chart for E.I.D.- Parry (India) Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Bolinger Bands chart for E.I.D.- Parry (India) Limited
Parabolic SAR: The PSAR for EIDPARRY continues to signal a bullish outlook, establishing a crucial support level that may help sustain the current upward momentum. This level of support suggests that the market is likely to continue trending higher, providing a foundation for ongoing bullish movement. Parabolic Stop and Reverse chart for E.I.D.- Parry (India) Limited
Stochastic: The stochastic indicator reflects the K-line dropping below the D-line, though it remains above 80, pointing to a possible start of a bearish price move. This could be an early sign that the market's upward trend is reversing, potentially leading to a decline. Traders should be on the lookout for further bearish signals. Stochastic chart for E.I.D.- Parry (India) Limited
Tripple Moving Agerage: The current reading of the Tripple MOVING AVG indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Tripple SMA chart for E.I.D.- Parry (India) Limited
When analyzing a company, its fundamentals—such as earnings, management efficiency, and strategic initiatives—must be considered alongside technical data. The context of the industry in which the company operates also plays a key role, as market trends and competitive dynamics can significantly impact performance. By taking a comprehensive approach, combining both fundamental and technical analysis, one can gain a deeper understanding of the company's potential for growth or risk.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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