Market Trading Guide: HUDCO, Biocon among 8 top stock recommendations for Thursday – Stock Ideas

In the daily timeframe, EID PARRY price retraced 0.618% from its high after an upward move. The stock found support at the EMA and rebounded, approaching the previous high. This is accompanied by a pattern of higher highs and higher lows, indicating a bullish trend. Additionally, the price remains above the 200-period EMA and the Ichimoku Indicator, supporting the uptrend. The RSI momentum indicator is also trending, with new highs, confirming the trend.

(Kunal Kamble, Sr. Technical Research Analyst, Bonanza Portfolio)