ENGRO Engro Corporation Mid-Term Analysis 13th July 2017

Share Post:

Engro Corporation Limited

    Chemicals

Price:  314.35

   Change: -5.65    2017-07-12
Open: 320.00 52 Week High: 403.50 Market Capitalization Mln: 164651.74
High: 323.49 52 Week Low: 276.00 Outstanding Shares. Mln: 523.78
Low: 306.75 52 Week Avg.: 334.24 KSE AllShares % Weight-age: 1.82
Close: 314.35 52 Week Max Vol.: 23416800 KSE100 % Weight-age: 4.15
Average: 316.15 52 Week Min Vol.: 0 KSE30 % Weight-age: 6.35
Volume: 2554500 52 Week Total Vol.: 393042400 Data Last Updated: 2017-07-12

Rebound Insight

Our Pivot: 278

Our Preference:  Buy ENGRO above 303 and average it out till 288 with strict stop loss of 278 and profit target at 338 with extension towards 353 and 370.

Alternate Scenario: Downward penetration of 278 will call for 253.

NOTE: ENGRO is getting support from rising trend line of its long-term bullish trend channel on weekly chart along with a horizontal supportive region. 

Weekly Chart with Supports and 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

258.95

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports253.60248.25244.67
Resistances262.53266.11271.46
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


Explore