EFUG E. F. U. Gen Insurance Ltd Mid-Term Analysis 14 April 2016

Rebound Insight

Our Pivot; 100.67

Our Preference: Start buying EFUG from current price and average it out till 110.97 with strict stop loss of 100.67 and profit target at 139 and 143 with extension towards 152.09.

Alternate Scenario: Downward penetration of 100.67 will call for 90.05.

NOTE: EFUG is getting strong support from a supportive trend line along with supportive trend line of its bearish wedge. Weekly Stochastic and RSI are trying to generate a crossover which indicates that EFUG is ready for a pull back.

Recommendations:

Start buying from current price and average it out till 110.97 with target at 139 and 143.

Chart with Supports and Resistances:

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