EFOODS Engro Foods Analysis 12 Sep 2013
Downside Prevails
Our Pivots: 122.59
Our Preference: Short Sell EFOODS below 118.04 till 119.34 with a strict stop loss of 122.59 and profit target at 106.15 and 100.44
Alternate Scenario: Downward Penetration of 122.59 will call for 124.87
NOTE: EFOODS have fulfilled its bearish correction and getting resistance from its bullish trend line on weekly bases along with correction levels so its recommended to short sell EFOODS with strict stop losses.
Recommendations:
For New Entries (Short Sell Below 118.04 till 119.34 )
For Existing Holders (Hold with strict stop loss and given profit target)
Weekly Chart with Supports and Resistance:
3 COMMENTS
John Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Diana Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Melissa Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Peter Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.LEAVE A COMMENT