Wednesday, December 2, 2009

EID PARRY - Broken out of consolidation. BUY IT & MINT MONEY.

The chart of EID PARRY shows a clear breakout from consolidation after 4-5 months.
The stock is perfect to bu at this juncture. 2 Strong reasons :
1) The stock is showing ADX of 22 which confirms the UPTREND.
2) UPFLAG is clearly visible which points to a next strong upmove.
I recommend BUY on at with current price 344, SL - 338 & Target- 402. The Risk/Return ratio is 1:8.

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