ENGRO Engro Corporation Ltd. short term analysis 3rd Nov. 2020

Rebound Insight

Our Pivot: 287.50

Our Preference: Start buying ENGRO above 296.50 and average it out till 292 with strict stop loss of 287.50 and profit target at 307.90.

Alternate Scenario: Downward penetration of 287.50 will call for 281 and 278.

NOTE: ENGRO have retested resistant trend line of its previous triangle and now its getting support from two major supportive regions.

Daily chart with supports & resistances: