"EFOODS" Engro Foods Mid Term Analysis 20 Feb 2013
"EFOODS" ----------------- Limited Upside Our Prefrence: Bullish trend in EFOODS is getting its limits to an end but buying can be initiated as long as 117.80 is support with target 129.38 and 132.84 Alternative Scenario: Downward breakage of 117.80 wil call for 113.29 and 109.56 NOTE: EFOODS is bullish and is moving in an upward trend channel and recently have taken a 23% correction from 126.10 to 117.80 and now is moving to expand its correction but as its in overbought region on weekly basis but closing above 123.49 will create a bullish englufing pattern which will strengthen its bullish trend but in my point of view its bullish move is becoming limited, so becarefull.it still have capcity to move till 129.38 and 132.84.RESPONSIVE 12 CSS 3 HTML 1 JAVASCRIPT 28 DESIGN 6 DEVELOPMENT 3
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John Doe
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