ENGRO Engro Corporation Ltd. short term analysis 3rd Nov. 2020

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Rebound Insight

Our Pivot: 287.50

Our Preference: Start buying ENGRO above 296.50 and average it out till 292 with strict stop loss of 287.50 and profit target at 307.90.

Alternate Scenario: Downward penetration of 287.50 will call for 281 and 278.

NOTE: ENGRO have retested resistant trend line of its previous triangle and now its getting support from two major supportive regions.

Daily chart with supports & resistances:

ENGRO 12
Overview
Quick Snapshot
Free Float

316,889,777

O/S Shares

576,163,230

Market Cap. (m)

0.00

Var Value

12.50

Hair Cut

17.50

Last Price

299.56

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports297.17294.79291.32
Resistances303.02306.49308.87
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
27.24
10.14
QTD Price Return
27.24
10.14
3M Price Return
20.79
7.55
6M Price Return
21.99
8.03
9M Price Return
0.77
0.26
YTD Price Return
23.99
8.82
1Y Price Return
8.00
2.78
3Y Price Return
7.35
2.55
5Y Price Return
5.99
2.07

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