ECOP ECOPACK Limited Analysis 14 March 2016

Rebound Insight

Our Pivot: 7.00

Our Preference: Buy ECOP above 10 and average it out till 8.89 with strict stop loss of 7.00 and target at 14.49 and 16.39.

Alternate Scenario: Downward penetration of 7.00 will call for 5.56.

NOTE: ECOP is getting support from a strong supportive trend line along with a horizontal supportive region.

Recommendations:

Buy above 10 and average it out till 8.89 with target at 14.49

Weekly Chart with Supports and Resistances: