EIDPARRY - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.0

Here’s a full technical chart dissection of EID Parry Ltd. (EIDPARRY) with pattern signals, price zones, and momentum readout

📈 Trend Evaluation

Current Price: ₹1,209

Just shy of 52W high (₹1,222) — implies a rally nearing exhaustion

Trading comfortably above 50 DMA (₹1,061) and 200 DMA (₹899) — confirms strong bullish trend

Trend Verdict: Trending powerfully, may face near-term resistance

📊 Momentum Metrics

RSI: 75.6 → Overbought zone, caution for short-term pullback

MACD: +43.2 → Strong bullish bias, trend continuation still valid

Volume: 11L vs avg 3.75L → massive volume surge, confirms breakout

Momentum is high, but RSI suggests the stock may pause or correct.

📉 Moving Average Insights

DMA Level (₹) Interpretation

50 DMA 1,061 Solid near-term support

200 DMA 899 Strong long-term foundation

Both DMAs affirm upward momentum and support cushion.

📎 Bollinger Bands View

Price is likely breaking above upper band, signaling overextension

Bands widening → momentum spike but risk of mean reversion soon

Watch for RSI dip below 70 to flag early signs of pullback

📍 Strategic Trade Zones

Zone Type Price Range (₹) Strategy Guidance

Entry Zone 1,050–1,080 Pullback buy zone near 50 DMA

Resistance 1,220–1,260 Price ceiling; possible rejection zone

Exit Target 1,275–1,310 Upside range if breakout sustains

Support Zone 980–1,030 Must-hold zone in corrective wave

Suggested stop-loss: ₹990

🧾 Institutional & Fundamental Notes

FII Holding ↑ 0.49%, DII ↑ 0.63% → balanced institutional interest

Qtr PAT fell 31%, yet stock rallies → pricing in future recovery, not current earnings

Negative PEG (-3.85) and P/E higher than industry → valuation rich, expect volatility

Low debt (0.34), healthy ROCE, decent dividend yield → stable long-term narrative

🧭 Final Take

EIDPARRY is in a late-stage bullish rally fueled by heavy volumes and strong technicals. RSI in overbought zone and nearing 52W high suggest a cooldown could be imminent. Traders may wait for a pullback near ₹1,080 before re-entering, while aggressive breakout players could aim for ₹1,300+ if momentum stays hot.

Want a chart sketch to map these zones visually or scan other sugar stocks showing similar setups?

Edit in a page