EFERT Engro Fertilizer Limited Short-Term Analysis 20 March 2017

Share Post:

Engro Fertilizer Limited

    Chemicals

Price:  64.48

   Change: -1.27    2017-03-17
Open: 65.75 52 Week High: 75.25 Market Capitalization Mln: 89412.03
High: 66.25 52 Week Low: 61.00 Outstanding Shares. Mln: 1330.93
Low: 63.14 52 Week Avg.: 67.56 KSE AllShares % Weight-age: 0.94
Close: 64.48 52 Week Max Vol.: 36101500 KSE100 % Weight-age: 1.62
Average: 64.91 52 Week Min Vol.: 0 KSE30 % Weight-age: 2.47
Volume: 7641500 52 Week Total Vol.: 1068951500 Data Last Updated: 2017-03-16

Rebound Insight

Our Pivot: 57

Our Preference: Buy EFERT above 63.00 and average it out till 61 with strict stop loss of 57 and target at 70.00 for short term and 79.84 and 84.95 on mid term bases.

Alternate Scenario: Downward penetration of 57 will call for 53.40.

NOTE: EFERT is caged in a triangle and right now its getting support from a rising trend line along with a horizontal supportive region. Weekly Stochastic is trying to generate a bullish crossover which can push it upwards.

Recommendations:

Buy above 63.00 and average it out till 61 with target at 70.00 and 79.84.

Weekly Chart with Supports and Resistances:

EFERT 9
Overview
Quick Snapshot
Free Float

600,884,719

O/S Shares

1,335,299,375

Market Cap. (m)

0.00

Var Value

10.50

Hair Cut

15.00

Last Price

85.83

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports84.7283.6182.82
Resistances86.6287.4188.52
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
5.19
5.70
QTD Price Return
5.19
5.70
3M Price Return
16.21
20.25
6M Price Return
23.11
31.59
9M Price Return
24.26
33.69
YTD Price Return
20.11
26.41
1Y Price Return
32.76
51.59
3Y Price Return
25.26
35.58
5Y Price Return
37.46
63.71


Explore