EFOODS Engro Foods Short Term Analysis 25th Sep. 2018

Upside Prevails

Our Pivot: 80.50

Our Preference: Start buying above 84.73 and average it out till 82..00 with strict stop loss of 80.50 and profit target at 90.80 with extension towards 92.75.

Alternate Scenario: Downward penetration of 80.50 will call for 78.75 and 75.80.

NOTE: EFOODs is being supported by a rising trend line along with a horizontal supportive region.

Daily Chart with Supports and Resistances: