ENGRO Engro Corporation Ltd. short term analysis 21st Jul. 2020

Further Advance

Our Pivot: 300

Our Preference: Start buying ENGRO from current price and average it out till 303 with strict stop loss of 300 and profit target at 313 with extension towards 320.

Alternate Scenario: Downward penetration of 300 will call for 297 and 291.

NOTE: ENGRO is being supported by two strong supportive trend lines consecutively.

Daily chart with supports & resistances: