#PARAGMILK 338 - The dairy giant is churning a multi-year breakout storm.
After peaking in 2018 (376), the stock underwent a massive correction, spending years consolidating near the 100–150 lows. Over the last two years, it has formed a powerful Multi-Year Rounding Bottom structure and is now on the doorstep of challenging its historical high.
This vertical climb is directly fueled by a fundamental turnaround: Q2 FY26 saw revenue cross the ₹1,000 crore milestone for the first time, and PAT surged 56% YoY. The market is aggressively pricing in the success of the company's pivot towards high-margin, value-added products and debt reduction.
From a price-action perspective:
Major Resistance: 376.95 (The 2018 All-Time High supply zone).
Pattern: A successful breakout above this level would confirm the completion of a massive 7-year base, potentially leading to multi-fold gains.
Structure: Excellent monthly momentum with consistently high volume supporting the strong move toward the historical peak.
About the business:Parag Milk Foods is transforming from a traditional dairy player (Gowardhan, Go) into a "Health & Nutrition" company. Growth is driven by the 'New Age Business' segment (e.g., Avvatar vegetarian whey protein and Pride of Cows premium milk), which grew 79% YoY and is set to receive a major ₹400 crore expansion investment.
The real trend change starts only above 377. Till then, the stock is gathering energy for the final, decisive move.
Will the best-ever financial performance finally help it conquer its 2018 high?
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