Sugar Industry showing reversal. Looking Bullish. Fundamentals of Eid Parry looking good. Weekly chart Breakout.
Disclaimer: Please note that the stock chart idea provided is for informational purposes only and not intended as financial advice.
Disclaimer: Please note that the stock chart idea provided is for informational purposes only and not intended as financial advice.
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Looks like the party is getting started. Good volume as well. Entire Sugar industry moved up today.
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Entire sugar industry roared today.
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Govt is trying to curb inflation in sugar prices by restricting the exports. Global sugar price hits ATH. Still holding. By looking at the weekly chart, another higher low formed. 452.35 (July 10) HL. Then Oct 23 (452.70) HL. Trading at support zone. Parry is a fundamentally good stock. Fall could be just due to index correction.
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6+% up. Good volume as well.
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Parry is near to ATH 670. Fib level 161.8% 662 reached. Moving near to target. 90-100 rupees more.
