EFOODS Engro Foods Analysis 22 April 2014
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Rebound Insight
Our Pivots: 103.06
Our Preference: Buy EFOODS above 110.31 and average it out till 107.17 with a strict closing stop loss of 103.06 and profit target at 116 and 122.50.
Alternate Scenario: Downward Penetration of 103.06 will call for 98.55 and 94
NOTE: EFOODS is going to supports from its weekly 50% and 61% Correction levels and a rising trend line so its recommended to initiate buying and cover your previous shorts in efoods now.
Recommendations:
For New Entries (Buy above 110.31 and 107.17 )
Monthly 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