EFOODS Engro Foods Analysis 29 Oct 2013
Rebound Insight
Our Pivots: 73.12
Our Preference:Start Buying EFOODS above 81 and add averages till 78.12 with a strict stop loss of 73.12 and profit target at 90.02 and 93.67.
Alternate Scenario: Downward Penetration of 73.12 will call for 60.42 and 52.84
NOTE: EFOODS is getting supports from its bearish expansion level of its corrective move from 94.10 towards 121.50 at 79.39, so a short term rebound is expected in EFOODS so its recommended to initiate buying in EFOODS.
Recommendations:
For New Entries (Buy above 81 and add averages till 78.12)
Weekly Chart with Supports and Resistance:
3 COMMENTS
John Doe
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