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Technicals for E.I.D.- Parry (India) Limited
By MusingTheNews
2025-05-30 20:32
Overall Technical outlook
Price Summary
E.I.D.- Parry (India) Limited's stock dived -2.47% today, marking a awful performance in the market. On 2025-05-29, E.I.D.- Parry (India) Limited's stock began at 989.0, climbed to 991.6, dropped to 961.0, and had -2.47% to end at 964.55, with a volume of 263152 shares. In the 52-week period, the stock's peak price is 999.25, and the lowest price recorded is 648.0.
Technicals
Support and Resistance: At 964.55, the price for EIDPARRY is supported at 896.7 and resisted at 972.3. This indicates a trading range where 896.7 serves as a support level, potentially preventing further decline, while 972.3 could limit upward movement. Support/Resistance for EIDPARRY
Aroon: The current state of the AROON is neutral for EIDPARRY, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Aroon chart for E.I.D.- Parry (India) Limited
Bol. Bands: The BOLL BANDS is showing a neutral stance, with no definitive indication of an upward or downward trend for EIDPARRY. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Bolinger Bands chart for E.I.D.- Parry (India) Limited
Parabolic SAR: The PSAR has recently moved from bullish to bearish, indicating a possible market decline. If this reversal aligns with other market trends, it could be a very bearish signal for EIDPARRY. Investors should be vigilant and look for additional confirmation before making decisions. Parabolic Stop and Reverse chart for E.I.D.- Parry (India) Limited
Stochastic: The current state of the STOCHASTIC is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Stochastic chart for E.I.D.- Parry (India) Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages points to a bearish trend, but the wavering slopes of the 20 and 50 SMAs indicate that this momentum may be weakening. This loss of strength could be a sign that the market is approaching a turning point, with the possibility of a bullish reversal on the horizon. Investors should watch for signs of a trend change as the current downtrend shows signs of weakening for EIDPARRY. Tripple SMA chart for E.I.D.- Parry (India) Limited
When evaluating a company, it is crucial to examine its fundamentals, including its financial statements, management structure, and market position. Additionally, understanding the broader industry trends, competition, and regulatory landscape helps to create a well-rounded view. By assessing both the company's internal factors and the external environment in which it operates, you can extract more valuable insights from its technical performance, such as stock price movements and trading patterns.
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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