EIDPARRY - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.6

Here’s a detailed technical analysis of EIDPARRY (E.I.D. Parry India Ltd.)

📊 Trend Overview

Current Trend: Reversing with bearish undertone

Price is below the 50 DMA (₹1,108) but above the 200 DMA (₹969), indicating short-term weakness within a medium-term uptrend.

RSI at 44.4 is in the lower neutral zone, suggesting fading momentum.

MACD at -16.6 shows a bearish crossover, confirming downward pressure.

📈 Technical Indicators

Moving Averages

Price (₹1,090) < 50 DMA (₹1,108) but > 200 DMA (₹969): Neutral-to-bearish short-term, bullish medium-term

RSI (44.4)

Below 50, signaling mild bearish sentiment.

MACD (-16.6)

Bearish crossover. Momentum is weakening.

Bollinger Bands

Price near middle band, indicating consolidation with downside risk.

Volume Trends

Current volume (1.19L) < 1-week average (1.37L): Declining interest

Suggests lack of conviction from buyers.

🔍 Short-Term Momentum Signals

Bearish Bias

MACD and price below 50 DMA confirm short-term weakness.

RSI suggests indecision, not a reversal.

Institutional flows are mildly positive (FII +0.49%, DII +0.63%), which may support medium-term recovery.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,050 Recent swing low

Support 2 969 200 DMA, medium-term base

Resistance 1 1,108 50 DMA, short-term ceiling

Resistance 2 1,180 Previous consolidation zone

Resistance 3 1,247 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹1,050–₹1,070 (on dips near support)

Exit Zone: ₹1,180–₹1,247 (partial profit booking)

Aggressive Target: ₹1,300+ if breakout above 50 DMA sustains with volume

🧭 Summary

Trend: Reversing with bearish momentum

Momentum: Weak, confirmed by MACD and RSI

Outlook: Cautious near-term; favorable medium-term if support holds and volume improves

Valuation: Extremely high P/E (2,569) due to negative EPS, weak ROE/ROCE, and recent loss (-₹27.9 Cr.) suggest fundamental challenges despite technical support at lower levels

Let me know if you’d like a simulated trade setup or visual chart based on this analysis.

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