EID Parry : Long term support line
EID Parry has bounced back from the long term support line. Weekly volume and candle is positive supported by RSI & CCI crossover. Daily RSI & CCI are in positive zone. 147 is the major support and 205 is the major resistance. Trader can trade the zone till the time stock is in range.
Value buyers with risk appetite can buy in dip at 175 with stop loss below 140 ( daily close) and hold for revisit of 350 level.
Trend buyer can wait for close above 205 and then go for buy with stop loss below 185 for target 250
Value buyers with risk appetite can buy in dip at 175 with stop loss below 140 ( daily close) and hold for revisit of 350 level.
Trend buyer can wait for close above 205 and then go for buy with stop loss below 185 for target 250
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