ENGRO Engro Corporation Mid-Term Analysis 29th March 2019

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Downside Prevails

Our Pivot: 333

Our Preference: Start short selling ENGRO below 326 and average it out till 330 with strict stop loss of 333 and profit target at 313 with extension towards 306.

Alternate Scenario: Upward penetration of 333 will call for 342.

NOTE: ENGRO is being capped by a descending trend line along with a horizontal resistant region.

Weekly 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

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

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