PARAG MILK has given 5 year old trendline breakout

The stock has given a 5 year old trendline breakout.

Buy above 116 level positional (carry on day closing basis) for

Short Term Target - 123.5 (double bottom neckline) followed by 130 (weekly 200 EMA)

Once this level is broken and sustained Midterm target would be 150 and 160.

Once these levels are broken and sustained long term target would be 200.

DISCLAIMER

Parag Milk Foods Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 1,318.13 Crore) operating in FMCG sector.
Kindly do a Fundamental study before investing in any stock.
Always keep you Risk:Reward ratio in check and take a trade accordingly.

Learn & Earn,

Dr. Tanya Kumar