EFERT Engro Fertilizer Limited Short-Term Analysis 20 March 2017
Rebound Insight
Engro Fertilizer LimitedChemicals |
Price: 64.48Change: -1.27 2017-03-17 |
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| Open: | 65.75 | 52 Week High: | 75.25 | Market Capitalization Mln: | 89412.03 | ||
|---|---|---|---|---|---|---|---|
| High: | 66.25 | 52 Week Low: | 61.00 | Outstanding Shares. Mln: | 1330.93 | ||
| Low: | 63.14 | 52 Week Avg.: | 67.56 | KSE AllShares % Weight-age: | 0.94 | ||
| Close: | 64.48 | 52 Week Max Vol.: | 36101500 | KSE100 % Weight-age: | 1.62 | ||
| Average: | 64.91 | 52 Week Min Vol.: | 0 | KSE30 % Weight-age: | 2.47 | ||
| Volume: | 7641500 | 52 Week Total Vol.: | 1068951500 | Data Last Updated: | 2017-03-16 | ||
Rebound Insight
Our Pivot: 57
Our Preference: Buy EFERT above 63.00 and average it out till 61 with strict stop loss of 57 and target at 70.00 for short term and 79.84 and 84.95 on mid term bases.
Alternate Scenario: Downward penetration of 57 will call for 53.40.
NOTE: EFERT is caged in a triangle and right now its getting support from a rising trend line along with a horizontal supportive region. Weekly Stochastic is trying to generate a bullish crossover which can push it upwards.
Recommendations:
Buy above 63.00 and average it out till 61 with target at 70.00 and 79.84.
Weekly Chart with Supports and Resistances:
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