EPCL Engro Polymer Short Term Analysis 4th Dec. 2019

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Downside Prevails

Our Pivot: 36.50

Our Preference: Start short selling EPCL below 33.96 and average out till 36.50 with strict stop loss of 36.50 and profit target at 29.97 with extension towards 28.25.

Alternate Scenario: Upward penetration of 36.50 will call for 38.75 and 39.50.

NOTE: EPCL is moving downward after getting resistance from a strong trend line along with a horizontal resistance on weekly chart. While daily and weekly momentum indicators also have turned their directions in bearish side.

Weekly Chart with Supports & Resistances:

EPCL 11
Overview
Quick Snapshot
Free Float

318,123,167

O/S Shares

908,923,333

Market Cap. (m)

0.00

Var Value

13.00

Hair Cut

17.50

Last Price

9.45

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports9.379.299.20
Resistances9.549.639.71
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
19.97
30.26
QTD Price Return
19.97
30.26
3M Price Return
28.71
50.14
6M Price Return
27.50
47.03
9M Price Return
33.57
64.06
YTD Price Return
31.53
57.92
1Y Price Return
28.46
49.49
3Y Price Return
53.47
164.52
5Y Price Return
64.26
295.99

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