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Price and trend forecast of EIDPARRY for Tomorrow, Weekly, Monthly

EID Parry India Limited

Symbol: NSE:EIDPARRY

ISIN: INE126A01031

907.70

As on 2024-12-06

516.90 (52W Low) 918.00 (52W High)

EIDPARRY's Today's Performance

EID Parry India Limited started the day by opening at 900.25 today 2024-12-06. Its shares reached a high of 912.50 and dipped to a low of 892.70 in intraday. When the markets closed, EIDPARRY’s stock price settled at ₹907.70 per share. Also check out its key support and resistance levels.

EIDPARRY Buy/Sell Targets

Tomorrow, buy EIDPARRY when its price reaches ₹ 907.70 with a stop-loss order at ₹ 897.09. You can set the target price as ₹ 918.31 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of EIDPARRY for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for EIDPARRY

Downside Targets Value in ₹
Tomorrow Down Target 1 916
Tomorrow Down Target 2 924
Tomorrow Down Target 3 936

Important Levels for EIDPARRY

Holding Levels Value in ₹
Tomorrow Up Target 1 896
Tomorrow Up Target 2 885
Tomorrow Up Target 3 876
Based on where the stock opens tomorrow, if EIDPARRY opens on a positive note, our first target will be ₹916. If Target 1 is achieved, we will aim for Target 2 which is ₹924.

But if EIDPARRY falls below the average value of ₹904.30, you can enter a sell side position with target number 1 - ₹896 and second target - ₹885 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of EIDPARRY

Looking at EIDPARRY, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, EIDPARRY has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for EIDPARRY is moderate bullish.

Tomorrow's Volume based share price Forecast for EIDPARRY

EIDPARRY's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -33%.

Reversal detection for EIDPARRY

Predicted trend chart of EIDPARRY tomorrow for price forecast
EIDPARRY may trend may continue to be bullish since stock is making higher highs and we can get target of ₹901 in morning tomorrow
Target 1 tomorrow912
Target 2 tomorrow917
Target 3 tomorrow924
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with EIDPARRY's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if EIDPARRY opens on a positive note, our first target will be ₹915.90. If Target 1 is achieved, we will aim for Target 2 which is ₹924.10.

But if EIDPARRY falls below the average value of ₹904.30, you can enter a sell side position with target number 1 - ₹896.10 and second target - ₹884.50

EIDPARRY's Weekly Targets
1st Up Target 934.10
2nd Up Target 960.50
1st Down Target 865.20
2nd Down Target 822.70

As the week for EIDPARRY ended on bullish sentiments, we can expect further continuation of this sentiment. EIDPARRY's initial target will be 934.10 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 865.20 in the upcoming week.

Weekly OHLC Values
Open 849.10
High 918.00
Low 849.10
Close 907.70

Week for EIDPARRY started with an open price of 849.10, and the close was at 907.70. EIDPARRY reached the highest of 918.00 and dipped lowest up to 849.10 last week. This indicates a bullish sentiment for the week.

EIDPARRY full month swing targets
Monthly Up Target 1 1,003.00
Monthly Up Target 2 1,029.40
Monthly Down Target 1 796.30
Monthly Down Target 2 684.90

Targets of ₹1,003.00 can be expected to be reached in the coming month. Once EIDPARRY achieved this target, we can aim for the next upside target of ₹1,029.40.

EIDPARRY if fails to hold upside, down targets of ₹796.30 and ₹684.90 can be achieved by end of this month.

For complete three weeks if EIDPARRY is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

EIDPARRY is expected to reach the target of 915.90 in tomorrow's trading session.

After achieving the initial target in EIDPARRY, we will aim for higher targets of 924.10 tomorrow.

However, if EIDPARRY starts to trade below ₹904.30, then we will shift our focus to the sell side and aim for down targets of 896.10 and 884.50.